AG&P in Negotiations to Acquire H-Energy's LNG Terminal in India

In a noteworthy development, Atlantic, Gulf & Pacific Company (AG&P) is in talks to acquire the liquefied natural gas (LNG) terminal owned by Darshan Hiranandani's H-Energy, located in Jaigarh, Maharashtra. This potential acquisition could significantly enhance AG&P’s LNG sourcing capabilities and expand its city gas distribution network throughout India.

By utilizing this terminal, AG&P aims to secure a consistent and dependable supply of LNG, which is essential for meeting the rising energy demands in urban centers. This strategic initiative aligns with AG&P's broader mission to lead in sustainable energy solutions and strengthen its presence in the competitive natural gas market.

As the energy industry pivots toward cleaner alternatives, this acquisition could position AG&P as a key player in India’s LNG sector. The ongoing negotiations represent a pivotal step in AG&P’s pursuit of its operational and sustainability objectives, heralding a new phase in the company’s growth journey.