Swan Energy cleared to build Jafrabad FSRU project

Swan Energy cleared to build Jafrabad FSRU project
Image courtesy of Swan LNG

Swan Energy informed on Tuesday that, through its unit Swan LNG, it has received approval from Gurajat Maritime Board to begin construction of LNG terminal for its FSRU project in Jafrabad, Gujarat.

According to a filing to the India’s stock exchange, Swan Energy has executed an engineering, procurement and construction (EPC) contract for marine and dredging works, worth Rs. 21.15 billion (Approx. US$313.4 million) with National Marine & Infrastructure India Private (NMIIPL) for carrying out the construction of LNG terminal at Jafrabad, Gujarat.

NMIIPL has already began construction works with the project to be completed within three years.

According to the Swan Energy’s website, the proposed FSRU terminal will have a capacity of 5 mtpa of LNG.

It was reported in August that Swan Energy secured the required backing to complete its FSRU project as India’s ONGC, IOC and BPCL booked 60 percent of the capacity in the project.

State-owned Oil and Natural Gas Corp, IOC and Bharat Petroleum Corp have each agreed to book one million tons of LNG capacity at the 5 mtpa project, with Gujarat State Petroleum Corp (GSPC) entering negotiations to book 1.5 million tons capacity in the FSRU.

Swan Energy holds a 51 percent stake in the project, Exmar owns a 38 percent stake while the remaining 11 percent stake is owned by GSPC.


LNG World News Staff

Share this article

Follow LNG World News


<< Dec 2019 >>
25 26 27 28 29 30 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 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >