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AG&P appoints new CFO and Commercial Head

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Atlantic, Gulf and Pacific Co. (AG&P) has announced that it has appointed Abhilesh Gupta as its Chief Financial Officer and Commercial Head.

In the statement, AG&P claims that Gupta will spearhead the expansion of the company in India and beyond, focusing on connecting off-grid customers across the country to an affordable gas supply.

The Chairman of AG&P, Jose P. Leviste Jr., said: “Abhilesh is one of India’s most recognised experts in commercialising LNG projects with over 22 years’ experience in leading and managing international finance and commercial portfolios in LNG/natural gas and power in India and Singapore. AG&P’s singular objective is to optimise the quantity of LNG through its terminals, underpinned by our scalable designs, on day one. I am thrilled to welcome Abhilesh to our world-class global leadership team to drive our LNG vision forward.”

Before he joined AG&P, Gupta served as the Group CFO of Asia Genco Pte Ltd, where he monitored and strengthened the regulatory and treasury functions of the company’s power plants in South Asia. He represented the investment consortium by Goldman Sachs, Morgan Stanley, General Atlantic, Everstone, Ashmore and Norwest. During his time spent as General Manager of Finance at Petronet LNG Ltd, Gupta played a key role in the financial closure of India’s first LNG receiving and regasification terminals at Dahej, Gujarat and at Kochi, Kerala. AG&P claims that he was instrumental in arranging long-term finance from both international and domestic banks, as well as from financial institutions, and multilateral agencies, such as ADB, IFC and Kfw (Germany). In addition to this, he was the main driver behind investor relations in India and globally, and was responsible for leading a number of major LNG sale purchase agreements and charters.

Gupta said: “AG&P brings to the LNG industry its unique approach to serve ‘power stranded’ or LNG ‘dark’ markets with pragmatic, standardised infrastructure. For the first time, the industry will have a single interface across the LNG value chain – from sourcing to last-mile delivery – that removes the complexity and simplifies the decision for customers to make the switch to LNG as an alternative fuel of choice. I am excited and privileged to be a part of AG&P’s outstanding team that is paving the way for sustaining the LNG revolution through its innovative delivery solutions.”

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India LNG news LNG import news