Joint Venture20 Dec 2024, 05:14 pm
Swan Energy Limited Signs Heads of Agreement with AG&P Terminals & Logistics for LNG Supply and Joint Ventures
AI Summary
Swan Energy Limited (SEL) has signed a Heads of Agreement (HoA) with AG&P Terminals & Logistics (SINGAPORE) PTE. LTD. (AG&P LNG) for the incorporation of a Joint Venture Company (LNG Supply Company) for supplying LNG in India or any other jurisdiction. SEL will hold 51% equity stake and AG&P LNG will hold 49%. AG&P LNG will collaborate with SEL for Swan LNG’s Private Limited (SLPL) Terminal for regasification of LNG into RLNG. There is also an option for AG&P LNG to have equity participation in Swan Energy’s LNG Terminal. The transactions are subject to due diligence from both parties.
Key Highlights
- Swan Energy Limited and AG&P Terminals & Logistics have signed a Heads of Agreement for LNG supply and joint ventures
- The agreement includes the incorporation of a Joint Venture Company for LNG supply in India or any other jurisdiction
- AG&P LNG will collaborate with Swan LNG for regasification of LNG into RLNG and has an option for equity participation in Swan Energy’s LNG Terminal
- The transactions are subject to due diligence from both parties
- AG&P LNG is a global leader in developing and running LNG and gas logistics and distribution solutions