Pertamina International Shipping and KARPOWERSHIP Forge Pathbreaking Partnership for Sustainable Energy Infrastructure

Pertamina International Shipping (PIS) and KARPOWERSHIP proudly announced the formalization of a groundbreaking General Partnership Agreement (GPA) aimed at developing vital energy infrastructure in Indonesia.

The partnership, solidified during COP28 in Dubai on Friday (1/12), signifies a joint commitment to delivering cleaner and more accessible energy solutions on a global scale.

The agreement, inked by PIS CEO Yoki Firnandi and Doğan Karadeniz, founding partner of KARPOWERSHIP, was witnessed by Nicke Widyawati, President Director of PT Pertamina (Persero), and Rabin Indrajad Hattari, the permanent secretary at the State-Owned Enterprises (SOE) Ministry of Indonesia.

Within the GPA, both entities will collaborate to explore and implement initiatives aimed at advancing Indonesia’s energy landscape and beyond. The focus areas encompass power generation leveraging cutting-edge Powership technology, unlocking gas assets through liquefaction (with potential Floating Liquefied Natural Gas – FLNG – development), collaboration on LNG infrastructural projects (including Floating Storage and Regasification Units – FSRUs – and small-scale LNG distribution), and extensive studies on alternative fuel sources like hydrogen, ammonia, methanol, and biofuels.

Nicke Widyawati highlighted that this collaboration reflects a commitment to the energy transition, crucial in ensuring Net Zero Emissions by 2060. “Collaboration entails exploring new business opportunities to optimize existing assets, such as floating mini-LNG and floating CNG facilities. We believe this development is pivotal in the energy transition as gas serves as a bridge to renewable energy,” added Nicke.

Doğan Karadeniz, the founding partner of Karpowership, emphasized the strategic significance of the collaboration, expressing eagerness to work with PIS in Indonesia and Southeast Asia, supporting countries in their energy transition paths.

This venture amalgamates Karpowership’s expertise in modular power generation efficiency with PIS’s commitment to ongoing energy transition and sustainable initiatives. The partnership establishes a flexible framework for exploring lucrative businesses contributing to the country’s economic development while accelerating the global transition to cleaner and more sustainable energy sources.