FSRU: Nakilat, Karpowership sign MoU

Monday, October 25, 2021
Nakilat and Karpowership signed a Memorandum of Understanding (MoU) to collaborate in the LNG-to-power market and jointly own and operate Floating Storage Regasification Units (FSRUs). Photo courtesy Nakilat

Nakilat and Karpowership signed a Memorandum of Understanding (MoU) to collaborate in the LNG-to-power market and jointly own and operate Floating Storage Regasification Units (FSRUs).

"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,” said Nakilat’s CEO Eng. Abdullah Al-Sulaiti.

The MoU outlines an ambitious plan for the immediate future. Nakilat and Karpowership hope to set up a new joint venture and deliver the first FSRU by 2023.

Categories: Offshore LNG FSRU Joint Venture MOU

Related Stories

Santos and QatarEnergy Agree Mid-Term LNG Supply

Santos and QatarEnergy Agree Mid-Term LNG Supply

TotalEnergies to Keep West of Shetland Offshore Assets as Prax Files for Liquidation

TotalEnergies to Keep West of Shetland Offshore Assets as Prax Files for Liquidation

Canada Joins LNG Export Nations as First Cargo Sets Sail

Canada Joins LNG Export Nations as First Cargo Sets Sail

Current News

Exxon Mobil Discovers Natural Gas Reserve Offshore Cyprus

Ecopetrol Purchases Enel Wind Power Project for $50m

Gastech 2025 Technical & Commercial Conference to Accelerate Global Growth and Decarbonisation Through Energy Innovation

Rotra Futura RoRo Vessel Enters Offshore Wind Operations

Subscribe for OE Digital E‑News

Offshore Engineer Magazine