{"id":199474,"date":"2024-12-21T00:08:29","date_gmt":"2024-12-21T00:08:29","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/21\/swan-energy-partners-us-co-nebulas-unit-for-gas-venture-times-of-india\/"},"modified":"2024-12-21T00:08:29","modified_gmt":"2024-12-21T00:08:29","slug":"swan-energy-partners-us-co-nebulas-unit-for-gas-venture-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/21\/swan-energy-partners-us-co-nebulas-unit-for-gas-venture-times-of-india\/","title":{"rendered":"Swan Energy partners US co Nebula&#8217;s unit for gas venture &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"225\" src=\"https:\/\/i2.wp.com\/static.toiimg.com\/thumb\/msid-116518052,imgsize-1619325,width-400,resizemode-4\/116518052.jpg?resize=400,225&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Swan Energy partners US co Nebula&#8217;s unit for gas venture &#8211; Times of India\" title=\"Swan Energy partners US co Nebula&#8217;s unit for gas venture &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div data-articlebody=\"1\">\n<div class=\"_s30J clearfix  \">\n<div class=\"MwN2O\">\n<div class=\"vdo_embedd\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>MUMBAI: Billionaire Nikhil Merchant-owned <!-- -->Swan Energy<!-- --> has joined hands with AG&amp;P Terminals &amp; Logistics of US-based Nebula Energy to form a liquefied natural gas (LNG) and gas logistics ventures in India. Swan will own 51% in the LNG supply unit, while AG&amp;P will hold the remaining 49%. This unit intends to supply LNG within India or other jurisdictions, the Indian company said in a regulatory filing. Merchant acquired Swan Energy, previously known as Swan Mills in 1992, and in 2021, he acquired Anil Ambani&#8217;s bankrupt Reliance Naval and Engineering.<br \/>Additionally, AG&amp;P will acquire a stake in Swan Energy&#8217;s LNG regasification terminal. The two companies will also establish a separate joint venture for a floating storage and regasification unit (FSRU), with AG&amp;P holding 51% and Swan Energy owning 49%. <br \/>FSRU vessels facilitate LNG transfer through oceanic routes. These vessels are essential as natural gas transported in liquid form via sea requires reconversion to its gaseous state before storage tank transfer.<br \/>Both parties will conduct due diligence before finalising the terms and conditions of these joint ventures, Swan Energy added. On Friday, Swan Energy&#8217;s shares closed at Rs 740 per share on the BSE, showing a decline of approximately 3%.<\/div>\n<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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Swan will own 51% in the LNG supply unit, while AG&amp;P will hold the remaining 49%. This unit intends to supply LNG within India [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":199475,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/thumb\/msid-116518052,imgsize-1619325,width-400,resizemode-4\/116518052.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[156588,289,2988,170,273,156587,156586,143131,2298,156585,87634,156584,272,4493,3687],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/199474"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=199474"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/199474\/revisions"}],"predecessor-version":[{"id":199476,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/199474\/revisions\/199476"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/199475"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=199474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=199474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=199474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}