Seatrium and Karpowership Initiated Ninth FSRU Conversion
The partnership has launched the LNGT Akdeniz project, expanding energy infrastructure capacity for international power operations.
Updated on Oct. 5, 2026 in Oil and Gas
Live Poll
Do you believe floating energy infrastructure projects improve energy security for nations in need?
Seatrium and Karpowership have commenced their ninth Floating Storage Regasification Unit (FSRU) conversion project, named the LNGT Akdeniz. This vessel is designed to provide 600 MMscfd of regasification capacity to support energy import needs.
Why it matters
The project serves to enhance regional energy security by bolstering LNG import infrastructure. This continued collaboration scales the capacity for floating power solutions, which are increasingly vital for markets requiring rapid energy integration.
The partnership has successfully delivered seven FSRU conversions since 2018, contributing to a broader portfolio of 22 such projects completed by Seatrium since 2007. The new LNGT Akdeniz will join a growing fleet that now includes 12 LNG vessels.
The players
Seatrium
A Singapore-based engineering and shipbuilding firm specializing in complex offshore and marine energy infrastructure projects.
Karpowership
An international energy provider that operates a fleet of floating power plants known as Powerships.
The details
Seatrium provides engineering, conversion, and integration services, transforming standard LNG carriers into operational FSRU vessels. The process involves installing specialized regasification equipment to enable the conversion of stored liquid natural gas into gaseous form for power generation. This infrastructure allows operators to deploy flexible energy solutions where land-based terminals may not be feasible.
Timeline
2007: Seatrium began tracking its FSRU and FSU conversion projects.
2018: The partnership between Seatrium and Karpowership commenced.
October 5, 2026: Seatrium and Karpowership announced the LNGT Akdeniz project.
Q1 2027: Construction work on the LNGT Akdeniz is scheduled to begin.
Market Landscape
This project follows the established industry trend of utilizing FSRU conversions to meet decentralized energy demands. It marks a deepening of the partnership between Seatrium and Karpowership, which has consistently focused on expanding the scale of floating power infrastructure.
Operators in the energy sector should monitor the deployment of these converted vessels as a benchmark for rapid infrastructure scaling. This model offers a potential solution for businesses navigating power supply constraints in volatile or developing markets.
The takeaway
Floating energy solutions provide a scalable alternative to traditional land-based infrastructure for remote or underserved markets. Businesses should monitor fleet expansion announcements as signals for potential new power capacity in specific regional markets.
What happens next
Construction on the LNGT Akdeniz is scheduled to begin in the first quarter of 2027.
Further reading
For more on industry infrastructure developments, see the Oil and Gas section.
Live Poll
Do you believe floating energy infrastructure projects improve energy security for nations in need?
