Swan Energy provides update on its LNG Port Project in Gujarat

Government of Gujarat to invest 26% in equity of LNG Port Project

Swan Energy announced that Government of Gujarat has now decided to participate by investing 26% in Equity of SWAN'S LNG Port Project in Gujarat.

Swan Energy is developing India's first LNG Port along with Floating and Regasification Unit (FSRU) near Jafrabad in Gujarat state with a total investment of Rs. 5900 crore. A subsidiary Company and special purpose vehicle Company namely Swan LNG is implementing this project.

Government of Gujarat has now decided to participate by investing 26% in equity of the LNG Port Project through Gujarat State Petronet and Gujarat Maritime Board jointly.

 

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