Gujarat govt to pick 26% stake in Swan Energy's Rs 5900 cr LNG project

The Government of Gujarat has decided to participate in its LNG port project in Gujarat by investing 26 percent in equity, said Swan Energy Ltd in a BSE filing today.

Swan Energy is developing India’s first LNG port along with Floating and Regasification Unit (FSRU) near Jafrabad in Gujarat with a total investment of Rs 5,900 crore. A subsidiary company and special purpose vehicle company namely Swan LNG Private Limited is implementing this project. 

Government of Gujarat will pick up 26 percent stake in this LNG port project through Gujarat State Petronet Limited (GSPL) and Gujarat Maritime Board (GMB).