(The Philippine Star) | Updated September 13, 2017 - 12:00am
MANILA, Philippines —
Philippine-based Atlantic, Gulf and Pacific Co. (AG&P) has appointed an
Indian expert in liquefied natural gas (LNG) to spearhead the company’s
expansion in the country and the rest of Asia.
AG&P named Abhilesh
Gupta as its global chief financial officer and commercial head to lead its
expansion in India and beyond, with focus on connecting off-grid customers
across the country to affordable gas supply.
“Abhilesh is one of
India’s most recognized experts in commercializing 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
chairman Jose Leviste Jr. said in a statement.
“AG&P’s singular objective is to optimize
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,” he added.
Prior to joining
AG&P, Gupta was the group chief financial officer of Asia Genco Pte Ltd.,
where he monitored and strengthened the commercial, regulatory and He
represented the investment consortium formed by Goldman Sachs, Morgan Stanley,
General Atlantic, Everstone, Ashmore and Norwest.
During his tenure as
the general manager of finance at Petronet LNG Ltd., he played a pivotal role
in the financial closure of India’s first LNG receiving and regasification
terminals at Dahej, Gujarat and at Kochi, Kerala.
He was instrumental in
arranging long-term finance from domestic and international banks, financial
institutions, multilateral agencies like ADB, IFC and Kfw (Germany). Further,
he was the driver behind investor relations in India and internationally and
led several major LNG sale purchase agreements and charters.
“AG&P brings to the
LNG industry its unique approach to serve ‘power stranded’ or LNG ‘dark’
markets with pragmatic, standardized 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.” Gupta said.
AG&P has a long and
successful track record of delivering pragmatic solutions for the oil and gas
industry with expertise in LNG.
It is only one of three
companies worldwide to have a global technical and licensing agreement for
membrane tank design from French giant GTT.
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