Nakilat and Karpowership Signs Memorandum of Understanding to Collaborate in LNG-To-Power Market and Jointly Own and Operate Floating Storage Regasification Units

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