In a significant development within the energy sector, Singapore-based Atlantic, Gulf & Pacific Company (AG&P) is reportedly negotiating the acquisition of Darshan Hiranandani H-Energy's liquefied natural gas (LNG) terminal located in Jaigarh, Maharashtra. This move aligns with AG&P’s strategic goals to enhance its domestic LNG sourcing capabilities and expand its city gas distribution network across India.
By acquiring the Jaigarh terminal, AG&P aims to leverage the facility to strengthen its operational efficiency and respond to the growing demand for natural gas in urban areas. The deal signifies AG&P's commitment to sustainability and a greener energy future, positioning the company as a key player in the transition towards cleaner fuels.
The acquisition, if finalized, could provide AG&P with a competitive edge in the Indian market, allowing for better integration of LNG supply chains. As the energy landscape evolves, this strategic move highlights AG&P's proactive approach to ensuring energy security and promoting sustainable growth in the region.