The present invention is an apparatus and method directed to a variable buoyancy gas-can buoyancy module or buoy having a flexible barrier between a variable volume gas chamber in the gas-can hull and water in the hull. More specifically, the present invention is directed to a variable buoyancy module for a Self Supporting Riser (SSR) wherein the tension in the SSR may be increased/decreased by increasing/decreasing the variable volume of a chamber formed by a flexible liner that provides a barrier between the variable volume gas chamber in the gas-can hull and water.