India's Swan Energy to sell stake in LNG terminal for $399 MM

Indian oil & gas firm Swan Energy plans to sell a stake in one of its liquefied natural gas (LNG) terminals to Turkish state energy company BOTAS in a deal worth $399 MM.

Swan Energy is the majority owner of Triumph Offshore Pvt Ltd (TOPL), the company that owns the LNG terminal in question. Fertilizer firm Indian Farmers Fertilizer Cooperative (IFFCO) controls the rest.