Swan Energy to commission first floating LNG unit

Mumbai: Nikhil Merchant-owned Swan Energy Ltd NSE -0.53 % is planning to commission India’s first FSRU (floating, storage and regasification unit) liquefied natural gas port near Jafrabad in Gujarat this year, as the country looks to boost its LNG imports.

The FSRU with a capacity of 5 million metric tonnes per annum (mmtpa) has been built at a cost of around ₹6,500 crore.