In a pivotal move for the Indian energy sector, Singapore-based Atlantic, Gulf, and Pacific Company (AG&P) is in advanced negotiations with Darshan Hiranandani H-Energy, led by Darshan Hiranandani, to acquire the latter's LNG terminal in Jaigarh, Maharashtra. This acquisition marks a significant step for AG&P as it seeks to enhance its operational capabilities and expand its footprint in India’s growing energy market.
The Jaigarh LNG terminal, a strategic asset located on India’s western coast, is a vital gateway for importing and distributing liquefied natural gas (LNG) across the region. By acquiring this terminal, AG&P aims to solidify its city gas distribution network, ensuring a more stable and reliable domestic supply of LNG. This move aligns with AG&P’s broader strategy to boost its infrastructure and better serve the energy needs of Indian cities.
The transaction, which is expected to be finalized soon, includes plans to complete the pipeline infrastructure and integrate it into India’s national gas grid. This integration will enhance the efficiency of LNG distribution, contributing to the overall growth and stability of India’s energy sector. The acquisition not only underscores AG&P's commitment to expanding its operations in India but also highlights the increasing importance of LNG in the country’s energy landscape.
As the deal nears completion, it represents a crucial milestone for AG&P and a significant development for the Indian energy sector, promising improved energy access and infrastructure advancements in the region.
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