Swan LNG Becomes Wholly-Owned Unit of Swan Energy (India)

Swan Energy said it has invested Rs. 1,00,000/- (Rs. One Lac only) in Swan LNG Private Limited for purchase of its 100% equity shares, equivalent to 10,000 equity shares of Rs. 10/- each. By virtue of this, Swan LNG has become a wholly-owned unit of Swan Energy.

Swan Energy is an emerging company with a pipeline of innovatively structured power projects.

The company is developing an LNG Floating Storage & Regasification unit (FSRU) in Pipavav, Gujarat with a capacity of 4.5 MMTPA of LNG.

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LNG World News Staff, May 27, 2013; Image: Swan Energy