Exmar has announced that it has entered into an agreement with Swan Energy for the joint development and operation of the Jafrabad LNG Port project, to be located in the State of Gujarat, India.
The Jafrabad LNG Port will have a receiving capacity of 5m tons per annum (MTPA), with one Floating, Storage and Regasification Unit (FSRU). The two partners have the firm intention to expand the terminal to 10 MTPA, through the deployment of a second FSRU.
Swan has secured all necessary permits for the project and the concession agreement is ready for execution. The parties are in negotiation with EPC contractors for the breakwater, jetties, topsides and onshore receiving facilities. Several financial institutions have already expressed their interest in support of the project and a final investment decision is planned for the first half of 2016.
Exmar will offer expertise in floating LNG solutions into the integrated project management team and will participate as an equity partner in the LNG receiving terminal.
“We are honored to be selected for the development of what will be India’s first FSRU-based LNG receiving terminal. We were especially attracted by the steady progress made by Swan and its portfolio of bankable governmental counterparts. With an increasing demand for clean energy, Exmar is committed to deploy more FSRU’s in India, as a fast-track and competitive solution,” said Nicolas Saverys, ceo of Exmar.
