Atlantic, Gulf and Pacific Company (AG&P), the Philippines-based company at the forefront of developing scalable, end-to-end LNG delivery solutions on Tuesday appointed Abhilesh Gupta as its Global Chief Financial Officer (CFO) and Commercial Head.
Abhilesh will spearhead the expansion of the company in India and beyond, with a focus on connecting off-grid customers across the country to affordable gas supply.
AG&P specializes in delivering pragmatic, standardized, LNG solutions that are scalable and commercially compelling, delivered months sooner and at lower upfront capital costs. The company uniquely controls the various functions of design, manufacturing, financing, development, operations and maintenance of LNG terminals and assets in-house, offering partners a single point of accountability for their projects.
AG&P's flexible LNG import terminals serve as 'gateways' for distributing smaller supplies of gas to power, industrial and other off-grid customers that are nearby or up to hundreds of kilometers away.
"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'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," said Jose. P Leviste Jr., Chairman AG&P.
Prior to joining AG&P, Abhilesh was the Group CFO of Asia Genco Pte Ltd., where he monitored and strengthened the commercial, regulatory and treasury functions of their power plants in South Asia. 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 Limited, 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, 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," said Abhilesh.
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