Wison and Black & Veatch to Jointly Pursue Offshore LNG Projects

Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced the signing of a Memorandum of Understanding with Black & Veatch to jointly pursue barge-based natural gas liquefaction facility projects on an exclusive basis.

Under the agreement, Wison will hold responsibility for barge design and engineering, overall project management, construction, delivery and financing of the integrated facility. Black & Veatch will provide the basic and detailed LNG plant designs, supply certain LNG equipment and components as well as provide commissioning services and process guarantees. The solution deploys Black & Veatch’s patented PRICO liquefaction technology.

The agreement formalizes a relationship between the two parties developed through their collaboration on the delivery of the first floating LNG liquefaction, storage and regasification facility. Announced in June 2012, this unit is under construction at Wison’s fabrication facility in Nantong, China. The companies also signed an agreement earlier this year for plans to develop similar units for clients in other markets.

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