Swan Energy has signed a MoU with Petronasr and Alpha Energy for the development of Sephid Baghun gas field, which has approximately 20 tcf reserves, in the Islamic Republic of Iran by constructing necessary on-shore surface facilities and offshore gas liquefaction facilities (OLNG).
The project cost is estimated to be around $615 million. The project will be implemented by a SPV to be registered in Kish Island in the Republic Islamic of Iran. The company will have an option to participate in the equity of the SPV.
Swan Energy is engaged in trading in fabric as well as in development of properties. Their activity includes manufacturing and marketing of cotton and polyester sarees and shirtings in India. The company also engaged in the business of Textiles, Property Development.
