Tata company eyes stake in Swan Energy’s Jafrabad FSRU project

By LNG World News Artistic rendering of the FSRU project (Image courtesy of Swan LNG)Swan Energy received an expression of interest from a Tata Group company, Tata Realty and Infrastructure, for 10 percent equity in Swan LNG, the company developing the FSRU-based LNG import terminal in Jafrabad, Gujarat.
In another filing to the Indian stock exchange, Swan Energy added it has increased the share capital of its unit, Swan LNG, from Rs 500,000 (Approx: US$7,348) to Rs 20 billion (Approx: $294 million).
In December last year, Swan Energy, through Swan LNG, received approval from Gurajat Maritime Board to begin construction works on the project.
The company executed

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