Seatrium has won a contract from Karpowership for the conversion of a new floating storage and regasification unit.

The award follows a letter of intent signed by Seatrium and Karpowership in August 2025. This marks Seatrium’s eighth FSRU conversion project for Karpowership.

Work is scheduled to begin in the third quarter of 2026. The LNG carrier conversion will create Karpowership’s first high-capacity FSRU, designed for regasification capacity of up to 600 mmscfd. The unit will be named LNGT Karadeniz.

The conversion scope includes installation of a regasification module, a spread-mooring system, and the integration of supporting systems covering cargo handling, LNG offloading, utilities, electrical distribution, and automation and control systems.

The broader scope also includes the conversion, life extension, and repairs of three LNG carriers into FSRUs. It also covers the integration of four new-generation powerships, with an option for two additional units.

Separately, Seatrium has completed and delivered the FSRU LNGT Powership Oceania. The company said the project was carried out in line with the agreed schedule and technical specifications.

With the latest delivery, Seatrium’s track record has reached 23 delivered FSRU and FSU conversion projects.