Singapore’s Seatrium has secured another contract from a unit of Turkiye’s Karpowership to convert an LNG carrier into a floating storage and regasification unit.
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Karpowership's unit, Kinetics, said on Wednesday that Singapore's Seatrium has officially begun conversion work on its first high-capacity floating storage and regasification unit (FSRU).
Singapore's Seatrium has achieved the first export of electricity from its floating living lab to Singapore's power grid, using a platform powered by liquefied natural gas (LNG) and battery energy.
Karpowership's unit, Kinetics LNG Holdings, continues to expand its fleet of floating storage and regasification units and expects to take delivery of LNGT Turkiye in the third quarter of 2026.