Wison, Shanghai Electric join forces on FLNG power solution

Wison Offshore & Marine (Wison) announced the signing of a Memorandum of Understanding (MOU) with Shanghai Electric Power Generation Group, on medium to large floating LNG power generation barge.

The cooperation will focus on the LNG barge’s product development, global marketing and technical services, in order to promote the commercialization of this new electrification solution, while opening up a series of further cooperation in power sector between the two parties.

In particular, the companies will join forces to build up capabilities throughout FSRP project life cycle from product development, marketing, project financing, facility construction, to operation and maintenance, with a view to accelerate commercialization of this innovative solution in global market.

The cooperation also includes study of the application of Shanghai Electric’s world class gas turbine technology and integrated generation set solution to the FSRPs, such that the product’s economy and reliability can be further enhanced.

As the EPCIC contractor for world’s first Floating LNG Storage and Re-gasification (FSRU) barge, Wison eyes FSRP as a critical extension of its LNG product portfolio, that is advantageous in project capital cost and lead time to comparable on-shore solutions.

    Mr. CUI Ying, CEO of Wison Offshore & Marine said: “It’s no doubt the complimentary strengths and resources of the two companies can facilitate our path forward in commercializing floating LNG power, which in turn will solidify a leading position in this emerging market.”

Alongside gas-fired power, Wison and Shanghai Electric will also launch discussions on coordinating efforts to develop deep water wind power technologies, as well as to seek investment and operational opportunities in power sector, in the hope of making high value-added contribution to the energy security and development in regions with thirst for affordable clean power.