Karpowership joins forces with Galileo to work on FLNG solutions

Turkey’s Karpowership, part of Karadeniz, is joining forces with Argentina-based Galileo Technologies to develop solutions in the FLNG sector and other areas.

In that regard, the two firms have signed a memorandum of understanding on September 9 in Singapore to form a strategic partnership in a range of technical and commercial areas, according to a statement by Galileo.

Karpowership aims to expand its activities into the natural gas, biomethane, hydrogen, and LNG space by leveraging its experience with floating energy infrastructure, the statement said.

The partnership includes strategic cooperation in technical and commercial areas, equipment and services supply, joint solution development, and also a potential investment in Galileo by Karpowership for developing “innovative” solutions in the FLNG sector and other areas in transition energies, it said.

Modular liquefaction units

Karpowership launched its first LNG-to-power project in Indonesia in 2020. The firm owns floating storage and regasification units (FSRUs) as part of its joint venture with Japan’s MOL, KARMOL.

Also, the Turkish firm today owns and operates a fleet of 36 powerships with 6,000 MW installed capacity, according to its website.

“By expanding into floating liquefaction infrastructure with Galileo’s support, we will be further securing our reliability and flexibility of supply while also helping customers develop their indigenous gas resources in a more environmentally conscious and cost competitive way,” Orhan Karadeniz, CEO of Karpowership, said in the statement.

As per Galileo, the firm is developing solutions for natural gas and alternative fuels, including small stations for fueling of LNG and CNG vehicles.

To date, there are only five operational floating LNG producers globally, the statement noted.

Karpowership aims to leverage Galileo’s modular liquefaction units, known as ‘Cryobox’, to become a “one-stop solution provider”, from upstream production through transportation, storage, consumption, and also power generation, the statement said.

Both firms will share technical and commercial know-how to develop and implement their natural gas, biomethane, hydrogen, and LNG solutions globally, they added.

Most Popular

Venture Global’s Plaquemines LNG to commission fourth tank

US LNG exporter Venture Global LNG has received approval from the US FERC to commission the fourth storage tank with LNG at its Plaquemines plant in Louisiana.

Worley gets full notice to proceed on first phase of CP2 LNG project

Australian engineering firm Worley has received a full notice to proceed from US LNG exporter Venture Global LNG under its reimbursable EPC contract for the first phase of the CP2 LNG project in Louisiana.

US FERC issues final SEIS for NextDecade’s Rio Grande LNG project

The US Federal Energy Regulatory Commission (FERC) has released a final supplemental environmental impact statement for NextDecade's Rio Grande LNG facility and the accompanying pipeline in Texas. FERC continues to conclude that approval of the projects would result in "less than significant impacts."

More News Like This

Karpowership eyes Vietnam LNG-to-power project

Turkiye's Karpowership, a part of Karadeniz, is exploring the possibility of developing a floating LNG-to-power project in Vietnam.

Karpowership taps Seatrium to convert another LNG carrier to FSRU

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.

KARMOL takes delivery of fourth FSRU

KARMOL, a joint venture of Turkiye's Karpowership and Japan's MOL, has taken delivery of its fourth floating storage and regasification unit in Singapore.

Brazil’s GNLink launches small liquefaction unit

Brazil's GNLink, a part of investment group Lorinvest, has received approval to launch a small liquefaction unit in Itabuna, Bahia.