Pertamina International Shipping (PIS) and Turkish Karpowership have formed a General Partnership Agreement (GPA) to develop critical energy infrastructure in Indonesia.
The pact was signed during the COP28 in Dubai signifying the parties’ joint commitment to providing cleaner, more accessible energy solutions on a global stage.
The agreement was signed by CEO of PIS Yoki Firnandi, and Doayan Karadeniz, Founding Partner of Karpowership. Karpowership owns, operates, and builds the world’s only Powership fleet, which is a floating power plant.
As per the agreement, both the firms will join forces to explore and implement various initiatives aimed at advancing the energy landscape in Indonesia and beyond. The alliance will focus on key areas like, power generation opportunities with a special focus on cutting-edge Powership technology; unlocking gas assets through liquefaction with a great potential of a Floating Liquefied Natural Gas (FLNG) development and deployment; collaborating on LNG infrastructural projects including Floating Storage and Regasification Units (FSRUs) and small-scale LNG distribution.
Furthermore, they will also work together on extensive studies for the development of alternative fuel sources, including hydrogen, ammonia, methanol, and other biofuels.
Nicke Widyawati, President Director of PT Pertamina (Persero), highlighted this collaboration between PIS and Karpowership was a form of commitment to the energy transition to ensure Net Zero Emissions 2060.
“Collaboration is about exploring other business opportunities to optimize existing assets, such as floating mini-LNG and floating CNG facilities. We believe this development is the key to the energy transition because gas is a bridge to renewable energy,” Nicke added.
Founding partner of Karpowership, Doayan Karadeniz said, “We look forward to working together with PIS both in Indonesia and Southeast Asia and supporting countries in their important energy transition paths.”
The partnership also establishes a flexible framework for both parties to explore lucrative business that contribute to the country’s economic development while simultaneously accelerating the global transition to cleaner and more sustainable energy sources..