Reliance Industries (RIL) and BP have set up India Gas Solutions, a 50:50 joint ventÂure company, to globally souÂrce and market natural gas in India. It will also develop infrastructure for transportation and marketing of the gas.
The joint venture, India Gas Solutions Board, will have six members. Kris Sliger from BP will be appointed Chairman and RIL's Bibhas Ganguly Vice-Chairman. The executive team comprises Hiten Mehta (BP), Chief Executive Officer; Suresh Manglani (RIL), Chief Financial Officer; Amit Mehta (RIL), Chief Operating Officer and Brian Dodson (BP), Chief Commercial Officer.
India Gas Solutions will kick off operations with 30 employees from BP and RIL both here and overseas. It will assÂume the administration of the existing gas contracts to KG D6 customers and also pursue other opportunities including LNG import. BP in its Energy Outlook 2030 indicated that energy consumption in the country has grown by 190 per cent over the last two decades.
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