Mitsui targets stake in Swan LNG’s Jafrabad FSRU project

Mitsui targets stake in Swan LNG's Jafrabad FSRU project
Image courtesy of Swan LNG

Japanese shipper Mitsui OSK Lines is reportedly eyeing an 11 percent stake in Swan LNG’s FSRU project in Jafrabad, Gujarat.

In addition to Mitsui’s participation in the project, two Gujarat government entities, the Gujarat Maritime Board and Gujarat State Petronet are looking to secure 15 percent and 11 percent stakes, respectively, local media in India report citing a company proposal and sources close to the matter.

Besides securing a stake in the project, Mitsui would be contracted as a technical advisor for the project and supervisor of the FSRU construction.

Once the stake sale is complete, Swan LNG’s stake in the project would stand at 63 percent.

Swan LNG, a unit of Swan Energy is looking to develop a 5 million metric tonnes per annum (mmtpa) in order to develop the Indian gas market, which is projected to be one of the fastest growing in the world during the next two decades.

Black & Veatch has been selected to deliver critical elements of India’s first FSRU-based liquefied natural gas (LNG) import terminal including the jetty topside and onshore LNG facilities.

The FSRU, to be built at a South Korean shipyard, will be moored to a fixed jetty and regasify imported LNG to enable distribution by pipeline and road tanker. The facility is expected to go on-stream by early-2020.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Jan 2018 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018…

read more >

CWC Japan LNG & Gas Summit

The inaugural CWC Japan LNG & Gas Summit, with participation and support from METI, JERA, Tokyo Gas and IEEJ, is the dedicated platform for international suppliers…

read more >

Asia Pacific Maritime and Offshore Exhibition 2018

7 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia…

read more >

CWC 2nd Papua New Guinea Petroleum & Energy Summit

The 2nd CWC Papua New Guinea Petroleum and Energy Summit is held under the patronage of the Prime Minister of Papua New Guinea…

read more >