Karpowership, Galileo partner to expand into Floating LNG

Turkey's Karpowership International and Buenos Aires-based Galileo Technologies have signed a memorandum of understanding to form a strategic partnership in a range of technical and commercial areas, including floating LNG (FLNG), Galileo announced on September 6.

The partnership aims to expand Karpowership's activities into the FLNG space, leveraging Galileo's expertise in modular liquefaction technology.

Karpowership is a provider of floating power plants. The company has a fleet of 23 powerships that can be deployed to provide power to customers around the world. Galileo is a technology company that specialises in natural gas liquefaction and other alternative energy solutions. The company has developed a modular liquefaction unit called the Cryobox, which can be used to produce LNG in remote or challenging locations.

Karpowership will provide the floating platform and operations expertise, while Galileo will provide the liquefaction technology. The partnership will enable Karpowership to offer a complete FLNG solution to customers, from production to transportation and regasification, Galileo said.

"By expanding into floating liquefaction infrastructure with Galileo’s support, we will be further securing our reliability and flexibility of supply while also helping customers develop their indigenous gas resources in a more environmentally conscious and cost competitive way," said Orhan Karadeniz, CEO of Karpowership.

"Our proven technologies and Karpowership’s wonderful experience and solutions will make this solution a paradigm shift in the global market," said Osvaldo del Campo, CEO/CTO and founder of Galileo Technologies.