Swan Energy Ltd., led by Nikhil Merchant, has announced its plan to sell its stake in a floating LNG receipt terminal to Turkey’s state-owned Botas Trading IC for $399 million. The deal involves the sale of assets from Swan’s subsidiary, Triumph Offshore Pvt Ltd (TOPL), and is expected to be finalized within six months, with the payment to be received in multiple tranches.
Triumph Offshore Pvt…
