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According to a statement by Karpowership, the firm signed the deal with Mexico’s independent system operator, CENACE, to support energy security in one of the country’s fastest-growing regions.
Under the agreement, Karpowership will deploy a 250 MW powership alongside an LNG terminal ship (LNGTS), or FSRU, to provide dispatchable electricity.
Karpowership did not reveal which powership and FSRU it aims to deploy.
Both the powership and FSRU are expected to arrive in Mexico in the coming weeks, with commercial operations beginning in coordination with state and federal authorities, it said.
The Yucatan peninsula is one of Mexico’s fastest-growing economic regions and is expected to record the country’s highest growth in electricity demand, at 3.8 percent annually, according to the 2024–2038 National Electric System Development Program (PRODESEN).
Economic growth, population increase, and heatwaves have placed sustained pressure on the region’s electricity system, highlighting the need for additional capacity, Karpowership said.
“Operating on natural gas – the lowest-carbon hydrocarbon fuel – the project will strengthen electricity supply and improve grid resilience in the region,” the company said.
Karpowership noted that its integrated LNG-to-power model is currently operating in Brazil and Senegal, building on earlier LNG-to-power projects in Indonesia.
The company’s entry into Mexico builds on its recent acquisition of a shipyard in Brownsville, Texas, and existing operations in Brazil, Ecuador, Guyana, and the Dominican Republic, reinforcing Karpowership’s long-term commitment to the Americas, it added.
FSRU fleet
Karpowership is building a fleet of converted FSRUs.
In March this year, Singapore’s Seatrium secured a new contract to convert another LNG carrier into an FSRU for Karpowership.
This latest contract award signals a progression of an earlier letter of intent (LoI) signed between the two companies announced in August 2025, and marks Seatrium’s eighth FSRU conversion project for Karpowership.
Scheduled to commence in the third quarter of 2026, the LNGC-to-FSRU conversion project, LNGT Karadeniz, signifies Karpowership’s first high-capacity FSRU, engineered to deliver a regasification capacity of up to 600 million standard cubic feet per day (mmscfd).
