Swan Energy has teamed up with AG&P Terminals & Logistics, a subsidiary of US-based Nebula Energy, to form joint ventures focused on liquefied natural gas (LNG) and gas logistics in India.
The collaboration is set to enhance LNG supply within India and other regions.
Ownership Structure and LNG Supply Unit
Under the agreement, Swan Energy will hold a 51% stake in the LNG supply unit, while AG&P will own the remaining 49%.
The unit’s primary objective is to supply LNG, both within India and potentially to other jurisdictions, as stated in Swan Energy’s regulatory filing.
AG&P’s Stake in Swan Energy’s LNG Regasification Terminal
In addition to the LNG supply unit, AG&P will also acquire a stake in Swan Energy’s LNG regasification terminal.
The acquisition further solidifies the partnership between the two companies in the LNG sector.
Floating Storage and Regasification Unit (FSRU) Joint Venture
The companies will also establish a separate joint venture for a floating storage and regasification unit (FSRU).
In this venture, AG&P will hold a 51% stake, while Swan Energy will retain 49%.
FSRU vessels are crucial for transporting LNG across oceans, as they facilitate the reconversion of LNG from liquid to gaseous form before it can be stored and transferred.
Due Diligence and Finalization of Terms
As reported by msn.com, both parties will conduct thorough due diligence. They will do this before finalizing the terms and conditions of the joint ventures.
The process will ensure that the partnership progresses smoothly and effectively.
