Swan Energy may sell stake in Pipavav unit

MUMBAI: Mumbai-headquartered Swan Energy is in talks with state-owned oil and gas companies for selling a small stake in its upcoming floating LNG unit in Pipavav, Gujarat. Bharat Petroleum Corporation, Hindustan Petroleum Corporation, and Gujarat State Petroleum Corporation have been sounded out, people close to the development said.

Swan Energy wants to sell 20-30% stake in the floating storage and regasification unit to raise 400-600 crore, they added. Swan Energy declined to comment on the deal.