Karpowership awards Seatrium ninth FSRU conversion project

Seatrium will convert the LNG carrier LNGT Akdeniz into a floating storage and regasification unit capable of handling up to 600 MMcf/d of natural gas imports.
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Oct. 6, 2026
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Why this news matters:

  • The award of a ninth FSRU conversion project highlights continued investment in floating LNG import infrastructure as countries seek flexible energy supply options. 

  • The project expands a long-running partnership between Karpowership and Seatrium, which has delivered seven converted FSRUs since 2018 and is moving forward on a second project under their previously announced LOI.

 

Courtesy Microsoft Copilot AI-generated image
AI-generated image of LNG carrier being converted into FSRU at shipyard

The illustration depicts an LNG carrier undergoing conversion to an FSRU at a shipyard. 

Floating storage and regasification units (FSRUs) have transformed how countries import natural gas, offering a faster and more flexible alternative to traditional LNG terminals...
Sept. 30, 2026

Karpowership has commissioned Seatrium to perform a ninth vessel conversion to a floating storage regasification unit (FSRU).

The collaboration has led to the delivery of seven FSRUs converted from LNG carriers since 2018, the most recent being LNGT Türkiye, which departed the Admiralty Yard in Singapore last month.

The newly awarded project will involve converting another LNG carrier to the FSRU, LNGT Akdeniz, with LNG import capability and a regasification capacity of up to 600 MMcf/d. Work is due to start in first-quarter 2027.

Seatrium's scope covers engineering, conversion, integration, installation and commissioning of regasification equipment and associated systems.

LNGT Akdeniz is the second project to materialize under the previously announced Letter of Intent (LOI) between the two parties. Apart from three FSRU conversions, the LOI had also provided for the potential integration of up to six new-generation Powerships, creating opportunities for both companies to support evolving global energy needs through integrated floating energy solutions.

Market context:

FSRUs are widely used to provide fast-track LNG import capacity without the need for permanent onshore regasification terminals.

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About the Author

Jeremy Beckman
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Jeremy Beckman

Staff Writer / Editor, Europe

Jeremy Beckman has been Editor Europe, Offshore since 1992. Prior to joining Offshore he was a freelance journalist for eight years, working for a variety of electronics, computing and scientific journals in the UK. He regularly writes news columns on trends and events both in the NW Europe offshore region and globally. He also writes features on developments and technology in exploration and production.

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