Swan Energy has entered into a preliminary agreement with Singapore’s AG&P Terminals & Logistics to create a joint venture (JV) aimed at enhancing the supply and storage of liquefied natural gas (LNG) in India and beyond. Swan Energy will hold 51 per cent of the JV, with AG&P LNG owning the remaining stake.
Joint ventures for LNG storage and regasification
The new JV will focus on supplying LNG across India and other markets, with a separate partnership planned for the development of a floating storage and regasification unit (FSRU) and floating storage unit to support Swan Energy’s LNG terminal operations.
Moreover, AG&P LNG will own a 51 per cent stake in the FSRU-related JV, with Swan Energy holding the remaining 49 per cent. The FSRU will play a crucial role in converting LNG back to gas for storage and transportation. This collaboration aims to strengthen LNG infrastructure and improve supply chain efficiencies for both companies.