Swan LNG Bags Order For FSRU In Gujarat
Swan LNG Private Limited (SLPL), 100% subsidiary of the Swan Energy Limited, has executed Concession Agreement (CA) with Gujarat Maritime Board (GMB) and Government of Gujarat (GoG) for developing India's first Floating Storage and Regasification Unit (FSRU) based LNG Port near Jafrabad in Gujarat, India on 18th October 2017.
The term of the CA is for thirty (30) years from the date of Commencement of Operations and the same can be extended further for a period of twenty (20) years on mutually agreed terms and conditions. With execution of this Agreement, SLPL gets exclusive right and authority to develop, finance, design, construct, operate and maintain the Port.
The LNG port project is first of its kind, all weather greenfield port project being developed by SLPL.
- Issued By:GUJARAT MARITIME BOARD
- Bagged By:
- Region:Western India
- Industry:Petroleum & Natural Gas
- Published On:2017-10-23