Swan Energy Limited (SEL) is developing an LNG port with an initial capacity of 5 MMTPA, extendable to 10 MMTPA, using a Floating Storage Regasification Unit (FSRU). The project operates on a tolling model and is 63% owned by SEL, with the Government of Gujarat holding 26% and Mitsui OSK Lines (MOL), the technical partner, owning 11%.
Key agreements include 4.5 MMTPA of regasification capacity reserved for GSPC, BPCL, IOCL, and ONGC for 20 years.
Construction progress has reached 83.95% as of March 2024, with major infrastructure like jetties and breakwaters nearing completion. The project has secured agreements for 90% capacity over a 30-year period, extendable by 20 years, ensuring a strong future.
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