Wärtsilä signs five-year lifecycle deal for Turkey LNG unit
Finnish technology group Wärtsilä has secured a five-year maintenance contract for an Irish-owned floating LNG terminal in Turkey, highlighting a broader industry shift toward long-term service agreements to secure gas supply continuity.
Finnish technology group Wärtsilä has signed a five-year lifecycle agreement with Pardus Energy to maintain the FSRU Turquoise P, a floating storage and regasification unit stationed at the Etki LNG terminal in Aliaga, Türkiye. The contract, which takes effect in April 2026, covers dedicated management, spare parts provision and maintenance planning for the vessel. Wärtsilä booked the order in the second quarter of 2026.
The deal underscores the critical financial stakes of keeping floating gas infrastructure online. As a stationary unit supplying gas to the Turkish market, the Turquoise P operates as a vital node in regional energy security where unplanned downtime carries severe commercial consequences. By locking in a long-term service model, Pardus Energy is hedging against the volatile costs and supply chain delays that plague ad-hoc equipment repairs.
For Wärtsilä, these extended contracts represent a shift toward predictable revenue streams that investors typically value highly. “This agreement is about giving Pardus Energy greater certainty over the lifecycle of a critical FSRU asset,” said Henrik Wilhelms, Director of Agreement Sales at Wärtsilä Marine. “By combining Wärtsilä’s OEM expertise, maintenance planning and spare parts support, we can help Pardus Energy improve reliability, reduce operational risk and plan long-term operations with greater confidence.”
The deal ensures the 2019-vintage vessel, which is fitted with Wärtsilä equipment, is maintained in optimal condition to support efficient operations. It is also structured specifically to prepare the Turquoise P for major scheduled overhauls at the 36,000-hour and 48,000-hour marks.
“Reliable operations and careful maintenance planning are essential for FSRU vessels,” said Osman Kolay, Head of LNGC/FSRU Operations at Pardus Energy. “This agreement gives us a clear long-term framework for managing key maintenance activities, securing OEM spare parts and preparing for the planned 36K and 48K overhauls with greater confidence.”
This Turkish contract fits into a wider pattern of Wärtsilä expanding its service footprint across the liquefied natural gas sector. The company recently secured a deal to supply cargo handling and fuel gas supply systems for two LNG bunkering vessels under construction in China. Wärtsilä also won a separate long-term lifecycle agreement covering 12 LNG carriers managed by MOL Global Ship Management.
