Swan Energy is in charge of the project to build and operate an LNG receiving terminal off the coast of Gujarat, India. India’s first newbuild Floating, Storage, and Regasification Unit (FSRU) project are the Jafrabad FSRU. The company claims that its LNG regasification facility has a capacity of 10 million tons per annum (mmtpa) and is being phased in.
The project’s first phase includes LNG port facilities with a five million ton per annum (mmtpa) regasification capacity and a floating storage unit (FSU) connected via ship-to-ship transfer equipment. In 2019, the terminal was planned to be operational. However, it was postponed due to two cyclones in the area and the epidemic.
An FSRU is a ship that assists in the transportation of LNG over marine channels. The FSRU assists in the conversion of liquid natural gas transported by sea into its original gaseous condition before being pumped into storage tanks. The factory operates under a toiling business model, which helps to mitigate commodity price risks. The company would provide a regasification plant under this model, and money would be generated through service charges.