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Last year, Seatrium secured a contract from Karpowership to convert three LNG carriers into FSRUs.
The conversion deal included an option for a fourth LNG carrier.
Seatrium announced on Thursday the award of an FSRU conversion contract from Kinetics, an initiative by Karpowership.
This award follows Kinetics’ confirmation of the option for a fourth FSRU conversion project with Seatrium, announced in April 2024, the award of three LNG carrier (LNGC) conversions into FSRUs for the company, with an option for a fourth project, it said.
Scheduled to start in the third quarter of 2025, the project involves the conversion of an
LNG carrier into an FSRU named LNGT Turkiye.
Seatrium said the scope of work includes the installation of a regasification module, a spread mooring system, and integration of key supporting systems such as cargo handling, offloading, utility, electrical, and automation systems.
The firm did not reveal the contract price.
This is Seatrium’s seventh FSRU conversion project.
Alvin Gan, executive VP, repairs and upgrades at Seatrium said this contract is a “testament to the successful strategic partnership” between the two companies, that includes four projects delivered to date.
These are Karmol LNGT Powership Africa, Asia, Europe, and most recently, Antarctica.
“Presently, two more FSRU conversion projects for Kinetics are in progress at our yard, with deliveries scheduled later this year and in the first quarter of 2026,” Gan said.
KARMOL, a joint venture of Karpowership and Japan’s MOL, recently took delivery of its fourth FSRU, KARMOL LNGT Powership Antarctica, from Seatrium.
Seatrium converted the 1989-built 127,525-cbm LNG carrier, Northwest Sanderling, into an FSRU. This vessel previously served the NWS LNG project in Australia.
Brokers previously said that Karpowership, part of Karadeniz, bought four steam NWS LNG carriers.
The vessels have a capacity of some 127,000 cbm, while they were built between 1989 and 1994.
They are Northwest Sanderling, Northwest Sandpiper, Northwest Snipe, and Northwest Stormpetrel.