Wison New Energies rolls out second generation low-emission FLNG portfolio

Wison believes the industry faces growing challenges posed by a discerning financing community, more focused on environmental, social and governance (ESG) performance, and mounting stakeholder pressure.

Addressing these challenges, Wison advocates the provision of quality low-emission options to clients and project developers – solutions that not only reduce emissions significantly but also maintain the economic viability of projects supported by solid lifecycle cost analysis.

It is imperative, Wison insists, for the industry to articulate a clear decarbonisation ambition that aligns with the urgency to transform floating production systems (including FPSO, FSRP & FLNG) through clear metrics in terms of carbon emissions.

Wison sets ambitious targets in response, aiming for a 35% reduction in emissions for the roll-out at Gastech of its second-generation of FLNG products and an ambitious 80% reduction target by 2030 in line with the world’s carbon-neutral ambitions.

To achieve the initial 35% reduction, Wison has explored, and now offers, technologies such as combined cycle power systems, GT air inlet chilling, and high-efficiency liquefaction cycles. These technologies are complemented by tapping into a diverse array of options, including improved efficiency in heating, cooling and operational performance.

Wison envisions a medium-term future where carbon-neutral floaters become a reality, employing further emerging technologies such as carbon capture, and power import from shore or adjacent renewable power sources. Achieving these targets necessitates collaboration with technology suppliers, and regulators, and the creation of markets for low-emission FPSO and FLNG vessels.

The priority for lower emissions is adopting combined cycle power generation to reduce fuel consumption on FPSOs and FLNGs, and we acknowledge the growing importance of CCGT offshore, even though only a few systems are currently being implemented.

We expect a positive outlook for LNG in the next decades as the fuel has the advantage of being available from many areas of the world and not dependent on proximity to pipelines and markets. The thermal power from natural gas can provide the base load the grid needs and be paired with the intermittency of renewable energy. This is why Wison sees a promising future for LNG in partnership with renewable energies.

Collaboration between government bodies, regulators, clients, EPC contractors, and suppliers is crucial. We must all believe in and commit to jointly developing quality options to reduce emissions. This requires a commitment to investment and continuous collaboration with technology suppliers well ahead of the time when they need to be implemented on projects. This is what Wison is committed to doing.

Wison has therefore signed collaboration agreements with several strategic suppliers to develop the low-emission solutions that we are now offering to our clients. This multifaceted collaboration is pivotal to creating both the market and solutions that align with the Paris Agreement’s commitment to reducing GHG emissions and limiting global temperature increases well below 2ºC compared to pre-industrial levels.

This Wison commitment to collaboration in sustainable solutions aims to establish a foundation for future endeavors in FLNG vessels and onshore LNG applications across the globe.

The company’s track record in the FLNG industry is marked by various engineering, procurement, and construction contracts, including the Tango FLNG (operating), the FLNG for ENI (currently under construction), FLNG for Genting (awarded in 2024).