Karpowership invests USD 1 billion in LNG power for Southern Africa

Karpowership allocates $1 billion to convert LNG into electricity in Mozambique, strengthening the Southern African energy grid.

Share:

Po

Subscribe for unlimited access to all the latest energy sector news.

Over 150 multisector articles and analyses every week.

For less than €2/week*

*For an annual commitment

*Engagement annuel à seulement 99 € (au lieu de 149 €), offre valable jusqu'au 30/07/2025 minuit.

Karpowership, a major player in gas-to-power conversion in Turkey, is investing $1 billion to develop an infrastructure for converting liquefied natural gas (LNG) into electricity in Mozambique.
The project, designed to supply the Southern African Power Pool (SAPP), aims to meet the growing energy needs of Southern African countries, while strengthening the region’s energy security.
The program is based on the installation of a Powership, a floating power plant, and a storage and regasification unit (FSRU).
This technology enables the rapid and efficient production of 500 MW of electricity, meeting the immediate energy requirements of Mozambique’s neighbors, such as Zambia, Zimbabwe, Botswana and Namibia.

A strategic project for Mozambique and its neighbors in southern Africa

By strengthening its collaboration with Electricidade de Moçambique (EdM), Karpowership is consolidating its presence in Southern Africa.
Since 2016, the company has been supporting Mozambique’s energy supply, and this new initiative extends its influence by supplying energy to the networks of SAPP member countries.
Exploiting local gas resources not only improves national energy security, but also creates opportunities to export electricity to neighboring countries, thus contributing to regional integration.
The initiative is part of a broader strategy aimed at reducing energy dependency in Southern African countries and fostering their economic development.
As a long-standing partner of Mozambique, Karpowership continues to play a key role in supporting the region’s economic growth and energy stability.

Giant discoveries are transforming the Black Sea into an alternative to Russian gas, despite colossal technical challenges related to hydrogen sulfide and Ukrainian geopolitical tensions.
The Israeli group NewMed Energy has signed a natural gas export contract worth $35bn with Egypt, covering 130bn cubic metres to be delivered by 2040.
TotalEnergies completed the sale of its 45% stake in two unconventional hydrocarbon concessions to YPF in Argentina for USD 500 mn, marking a key milestone in the management of its portfolio in South America.
Recon Technology secured a $5.85mn contract to upgrade automation at a major gas field in Central Asia, confirming its expansion strategy beyond China in gas sector maintenance services.
INPEX has finalised the awarding of all FEED packages for the Abadi LNG project in the Masela block, targeting 9.5 million tonnes of annual production and involving several international consortiums.
ONEOK reports net profit of $841mn in the second quarter of 2025, supported by the integration of EnLink and Medallion acquisitions and rising volumes in the Rockies, while maintaining its financial targets for the year.
Archrock reports marked increases in revenue and net profit for the second quarter of 2025, raising its full-year financial guidance following the acquisition of Natural Gas Compression Systems, Inc.
Commonwealth LNG selects Technip Energies for the engineering, procurement and construction of its 9.5 mn tonnes per year liquefied natural gas terminal in Louisiana, marking a significant milestone for the American gas sector.
Saudi Aramco and Sonatrach have announced a reduction in their official selling prices for liquefied petroleum gas in August, reflecting changes in global supply and weaker demand on international markets.
Santos plans to supply ENGIE with up to 20 petajoules of gas per year from Narrabri, pending a final investment decision and definitive agreements for this $2.43bn project.
Malaysia plans to invest up to 150bn USD over five years in American technological equipment and liquefied natural gas as part of an agreement aimed at adjusting trade flows and easing customs duties.
The restart of Norway’s Hammerfest LNG site by Equinor follows over three months of interruption, strengthening European liquefied natural gas supply.
Orca Energy Group and its subsidiaries have initiated arbitration proceedings against Tanzania and Tanzania Petroleum Development Corporation, challenging the management and future of the Songo Songo gas project, valued at $1.2 billion.
Turkey has begun supplying natural gas from Azerbaijan to Syria, marking a key step in restoring Syria’s energy infrastructure heavily damaged by years of conflict.
Canadian group AltaGas reports a strong increase in financial results for the second quarter of 2025, driven by growth in its midstream activities, higher demand in Asia and the modernisation of its distribution networks.
Qatar strengthens its energy commitment in Syria by funding Azeri natural gas delivered via Turkey, targeting 800 megawatts daily to support the reconstruction of the severely damaged Syrian electricity grid.
Unit 2 of the Aboño power plant, upgraded after 18 months of works, restarts on natural gas with a capacity exceeding 500 MW and ensures continued supply for the region’s heavy industry.
New Zealand lifts its 2018 ban on offshore gas and oil exploration, aiming to boost energy security and attract new investment in the sector.
In response to the energy transition, Brazil’s oil majors are accelerating their gas investments. It is an economic strategy to maximise pre-salt reserves before 2035.
Tucson Electric Power will convert two units of the Springerville power plant from coal to natural gas by 2030, ensuring production continuity, cost control, and preservation of local employment.