Pilot LNG, the developer of the Galveston LNG Bunker Port project, has awarded the Front-End Engineering Development (FEED) contract for the project’s floating LNG unit to Wison Offshore & Marine (Wison).
In addition to the FEED contract, it was disclosed that Wison will also become a minority equity shareholder in Pilot LNG .
‘It was imperative that the company selected to carry out the FEED works for the Galveston LNG Bunker Port have an excellent track record of successfully engineering and executing floating LNG projects,’ said Pilot LNG chief executive, Jonathan Cook.
‘Our selection of Wison is in recognition of their unparalleled expertise and commitment to delivering safe, highly competitive floating LNG projects and we are thrilled to welcome Wison as a partner and shareholder in Pilot.’
Vivian Li, head of Wison Offshore & Marine, North America, added: ‘By utilising floating technologies, we are able to provide a solution that can be delivered with unique advantages not available to traditional land-based facilities, as well as significantly reducing the infrastructure’s footprint and its associated impacts.’
As previously reported, Pilot LNG announced the LNG bunker project in Galveston last July. The facility will be the US Gulf Coast’s first dedicated LNG bunker terminal.
In October 2020, Pilot LNG and GAC Bunker Fuels signed a heads of agreement on LNG marine fuel supply – and this was followed by a letter of interest (LOI) from the Export-Import Bank of the United States (US EXIM) to provide development and Front End Engineering & Design (FEED) financing for the project earlier this year.
A Final Investment Decision on the project is expected to be taken in the second half of 2021, with operation slated to begin in 2024.