Seatrium said in a statement that 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.
The LoI scope includes the conversion, life extension, and repairs of three LNG carriers into FSRUs, as well as the integration of four new-generation powerships with an option for two additional units.
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).
According to Seatrium, the conversion scope encompasses the installation of a regasification module, a spread-mooring system, and the integration of critical supporting systems such as cargo handling, LNG offloading, utilities, electrical distribution, and advanced automation and control systems.
Seatrium did not provide the contract price.
In addition, the firm has also successfully completed and delivered the FSRU LNGT Powership Oceania.
Seatrium said the project was executed in accordance with the agreed project schedule and technical specifications.
This latest completion brings Seatrium’s FSRU conversion track record to 23 FSRU and FSU
conversion projects delivered.
Seatrium cliams it has done over 90 percent of the world’s FSU/FSRU conversions.
