Seatrium bags deal for floating storage regasification unit conversion

The project will commence in Q3.

Seatrium Limited has secured a deal for the conversion of a liquified natural gas carrier (LNGC) into a floating storage regasification unit (FSRU).

In a statement, Seatrium said the project was secured from Kinetics, an energy transition initiative by global floating power leader Karpowership. The conversion of LNGT Turkiye includes the installation of a regasification module, a spread-mooring system, and integration of key supporting systems such as cargo handling, offloading, utility, electrical, and automation systems.

The award follows Kinetics’ confirmation of the option for a fourth FSRU conversion project with Seatrium in April 2024, the award of three LNGC conversions into FSRUs for the company, with an option for a fourth project.

The latest project is scheduled to commence in the third quarter of 2025.

Since 2007, Seatrium has bagged 21 FSRU/FSU conversion projects.