China's Wison Offshore & Marine has delivered the world’s first barge-based floating LNG (FLNG) production unit.
Wison detailed that prior to the delivery, the contracts for project financing were provided by Bank of China, Deutsche Bank and supported by China Export & Credit Insurance Corporation which enabled the final handover to be achieved.
The 500,000-tonnes per annum capacity Caribbean FLNG was contracted in 2014 by Exmar for a project backed by Pacific Rubiales Energy (PRE) in Columbia and was originally due to be in operation by mid-2015.
