Karpowership and Seatrium Partner to Deploy Floating LNG Power Plants

Karpowership and Seatrium formalize a strategic partnership to convert floating LNG units, strengthening their joint offering in emerging mobile electricity markets.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Karpowership, a key player in the floating power plant sector, has announced with Singapore-based Seatrium the naming of Karadeniz LNGTS Americas, the fifth vessel in its fleet of Liquefied Natural Gas Terminal Ships (LNGTS). This initiative marks a new step in the Turkish company’s expansion strategy, which currently operates a global fleet of 50 Powerships and 11 LNGTS units, either completed or under construction.

The LNG-to-Power technology enables Karpowership to rapidly deploy power generation solutions in regions with limited onshore infrastructure. By combining multi-fuel Powerships with floating LNGTS terminals, the company offers a modular model tailored to areas without direct access to natural gas. The Karadeniz LNGTS Americas thus adds to a fleet already operating across four continents, with active projects in Brazil and Senegal—the latter being the first of its kind in Africa.

Conversion Agreement for a New Generation Fleet

Alongside the naming ceremony, Karpowership and Seatrium signed a Letter of Intent (LoI) covering the conversion of three high-capacity LNGTS units and the development of a new generation of Powerships. This partnership aligns with Karpowership’s ambition to double its share of the global installed gas-to-power capacity, currently estimated at 1%.

The new units included in the agreement will feature a modular architecture, designed to adapt to the specific needs of each project. This flexibility will allow for the integration of advanced technologies when required, such as Carbon Capture, Utilization and Storage (CCUS) systems or high-efficiency turbines.

Expanding Industrial Cooperation in Marine Energy

The collaboration with Seatrium, a specialist in offshore engineering solutions, aims to accelerate the market deployment of rapidly installable power solutions. With its technical expertise in ship conversion and marine energy infrastructure design, Seatrium will play a key role in standardizing and optimizing Karpowership’s fleet.

The joint development of high-capacity LNG-to-Power units reflects a sector-wide trend where infrastructure mobility is becoming a strategic lever to meet critical electrification needs. As global energy demand continues to grow, modular marine power plants offer a supply alternative that can bypass geopolitical or logistical constraints tied to terrestrial grids.

Venezuela demands full financial compensation for any gas exports from the offshore Dragon field, reactivated following U.S. authorisation granted to Trinidad and Tobago.
Vistra Corp. finalises the purchase of seven natural gas power plants totalling 2.6 gigawatts, strengthening its presence in key US electricity markets.
Tidewater Midstream and Infrastructure has finalised the sale of its non-core Sylvan Lake site to Parallax Energy Operating for $5.5mn, with limited impact on its 2025 results.
U.S. gas deliveries to Mexico reached 7.5 billion cubic feet per day in May, driven by rising demand in the power sector and new cross-border interconnections.
The Algerian national company has restarted a key liquefaction unit in Skikda, strengthening its export capacity amid massive investment in the gas sector.
Doha and Washington warn Brussels about the consequences of EU sustainability requirements on liquefied natural gas exports, as the continent’s energy security remains under pressure.
The Volans-1X exploration well revealed a 26-metre productive zone in the Orange Basin, marking another hydrocarbon find for Azule Energy partners in 2025.
Faced with the absence of commercially viable results on the Guercif permit, Predator Oil & Gas has initiated a sale process while continuing technical evaluation of the gas potential.
According to the Oxford Institute for Energy Studies, a stable gas price of $6/MMBtu would boost global demand by 60 billion m³ in the short term and 120 billion m³ by 2035, mainly driven by Asia.
Kazakhstan’s Karachaganak gas field has reduced output by nearly one-third following an incident at a key Russian gas processing plant targeted by a Ukrainian drone strike.
Kinetiko Energy reports production levels above economic thresholds at two Mpumalanga wells, strengthening the technical viability and development potential of its liquefied natural gas project.
National Fuel Gas Company acquires CenterPoint Energy’s natural gas distribution business in Ohio, doubling the size of its regulated portfolio and expanding its footprint in the US Midwest.
The United States, Canada and Mexico together plan a 151% increase in liquefied natural gas export capacity, representing more than half of expected global additions by 2029.
European Union member states have approved the principle of a full ban on Russian natural gas imports, set to take effect by the end of 2027.
CMA CGM becomes the first international container shipping company to commission LNG-powered ships from an Indian shipyard, all to be registered under the Indian flag.
KLN strengthens its industrial project portfolio with progress on the WHPA platform in Libya, a major offshore site valued at over HK$10bn ($1.28bn), aimed at supporting regional gas supply.
US LNG producer Venture Global will report its Q3 2025 financial results before markets open, followed by a conference call for investors.
NextDecade confirmed a final investment decision for Train 5 at Rio Grande LNG, backed by full $6.7bn funding, marking its second decision in a month.
Sudan seeks partnership with Belarus to rehabilitate its energy grid amid prolonged humanitarian, economic and logistical crisis.
The Malaysian group launched three tenders to sell up to five liquefied natural gas cargoes in November and December, sourced from its Bintulu and PFLNG Dua facilities.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.