Indonesia’s Pertamina International Shipping has teamed up with Karpowership of Turkey to develop sustainable energy infrastructure.
The two companies said they signed a General Partnership Agreement, or GPA, during the COP28 in Dubai on Friday.
Under the GPA, the two plan to explore and implement initiatives to boost Indonesia’s energy landscape.
These will focus on power generation opportunities using Karpowership’s powership technology.
The new partners will also look at floating LNG, or FLNG, production development and deployment and working together on LNG infrastructure projects, including floating storage and regasification units and small-scale distribution.
“Both parties will also work together on extensive studies for the development of alternative fuel sources, including hydrogen, ammonia, methanol, and other biofuels,” they said. “This reflects a shared commitment to exploring sustainable, cleaner energy solutions.”
Karpowership already has experience working in Indonesia. In 2020, the company put the world’s first LNG-to-floating power project into operation using its 125MW Powership Zeynep Sultan (built 1984).
Speaking in Athens last week, Karpowership commercial vice president for LNG Zacherie Fortin-Brazeau said the company is developing small-scale land-based liquefaction and also has ambitions to move into FLNG production for countries unable to develop their own projects.
In Dubai, PIS chief executive Yoki Firnandi and Karpowership founding partner DoAYan Karadeniz were on hand to sign the deal in the presence of PT Pertamina president director Nicke Widyawati and Ministry of Indonesia’s permanent secretary for state-owned enterprises Rabin Indrajad Hattari.
Flexible framework
Widyawati said the collaboration was “a form of commitment to the energy transition to ensure net zero emissions 2060”.
Widyawati said: “Collaboration is about exploring other business opportunities to optimise existing assets, such as floating mini-LNG and floating CNG [compressed natural gas] facilities. We believe this development is the key to the energy transition because gas is a bridge to renewable energy.”
Karadeniz said: “The partnership also establishes a flexible framework for both parties to explore lucrative business that contributes to the country’s economic development while simultaneously accelerating the global transition to cleaner and more sustainable energy sources.”
