Swan Energy recently informed exchanges that the company has entered into a Heads of Agreement (HoA) with AG&P Terminals & Logistics (SINGAPORE) PTE. LTD. (AG&P LNG) to explore key opportunities in the Indian LNG market. The agreement includes the formation of joint ventures aimed at enhancing LNG supply and infrastructure.
Key Highlights:
- LNG Supply Joint Venture: SEL and AG&P LNG will create a joint venture to supply LNG in India or other regions. SEL will hold a 51% stake, while AG&P LNG will hold 49%.
- LNG Regasification Collaboration: AG&P LNG will collaborate with SEL on Swan LNG’s Private Limited (SLPL) terminal for regasification, transforming LNG into RLNG. AG&P LNG also has the option to participate in equity in the LNG terminal.
- FSRU/FSU Joint Venture: A new joint venture will provide Floating Storage Regasification Units (FSRU) and Floating Storage Units (FSU) for SLPL’s LNG terminal. AG&P LNG will hold a 51% equity stake, while SEL will hold 49%.
