Nakilat signs MoU to collaborate on floating LNG-to-power sector

Doha-based Nakilat, operator of the world’s largest fleet of LNG carriers, has signed a Memorandum of Understanding (MoU) with Turkey’s Karpowership to collaborate on LNG-to-power floating storage and regasification units (FSRUs). The MoU outlines plans to set up a new joint venture and deliver the first unit by 2023, the companies said.

Nakilat CEO, Eng. Abdullah Al-Sulaiti, commented: “We are very pleased and excited to sign this agreement with Karpowership today. This fits very well with Nakilat’s long-term growth plan to expand and diversify our shipping portfolio and strengthens our position as a global leader in the energy transportation sector.”

Karpowership’s CEO, Orhan Remzi Karadeniz, said: “We are very excited to be working with Nakilat as this will enhance our ability to offer a one-stop-shop, tailor-made solution to our customers through our integrated business model where we design, develop, engineer, and construct our entire assets. FSRUs, together with Powerships, deliver energy to any country around the world, by utilising a cleaner and more reliable fuel than many existing options.”