Swan Energy's 100% subsidiary - Swan LNG (SLPL) 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 October 18, 2017.
The term of the CA is for 30 years from the date of Commencement of Operations and the same can be extended further for a period of 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 green field port project being developed by SLPL.
Swan Energy is engaged in trading in fabric as well as in development of properties. Their activity includes manufacturing and marketing of cotton and polyester sarees and shirtings in India. The company also engaged in the business of Textiles, Property Development.