London – September 30, 2026 -- Kinetics has acquired the LNG carrier Arctic Voyager for conversion into a Floating Storage and Regasification Unit (FSRU) named LNGT Akdeniz, expanding its floating LNG infrastructure fleet.
Converted vessel will deliver 650 mmscfd regasification capacity
The multi-spec FSRU will have storage capacity of approximately 143,000 cbm and a regasification flow rate of 650 mmscfd, built on Moss-type cargo tanks with an expected economic life of 20 years. Delivery of the converted unit is scheduled for the third quarter of 2028.
Kinetics cites rising demand for rapidly deployable import capacity
"The global LNG market continues to show strong demand for flexible, rapidly deployable regasification infrastructure," said Mehmet Katmer, General Manager, Kinetics. He pointed to growing focus on energy supply security and shorter development timelines as drivers behind the investment, noting it strengthens the company's ability to serve utility-scale FSRU requirements across a diversified fleet.
Kinetics operates as a Karpowership initiative within its integrated energy business
Zeynep Harezi Yılmaz, Chief Commercial Officer of Karpowership, said the expansion of Kinetics' floating LNG infrastructure fleet strengthens the group's capacity to help clients secure reliable energy supply and diversify their energy mix toward a lower-carbon future. Karpowership operates 45 Powerships delivering more than 8,500 MW of capacity and manages 11 LNG vessels covering the full value chain from procurement to offshore transfer.