<p>The 50:50 joint venture christened, ‘India Gas Solutions’, will also develop infrastructure to accelerate transportation and marketing of natural gas within the country, the companies said.<br /><br />Accordingly, the new company’s board comprises six members with equal representation from BP and RIL. Kris Sliger from BP will be appointed Chairman and RIL’s Bibhas Ganguly will be appointed Vice-Chairman.<br /><br />BP India’s Region President & Country Head Sashi Mukundan said, “Our vision is to see the RIL-BP joint venture company emerge as a major participant in meeting India’s growing gas demand. The need for assured gas supplies to fuel this growth is crucial and the RIL-BP partnership is in a unique position to contribute significantly in this respect.”<br /><br />The JV will commence operations with 30 employees seconded from BP and RIL, with deep <br />experience in the gas business, both in India and interationally. This JV will assume the administration of the existing gas contracts to KGD6 customers, and will pursue other opportunities.</p>
<p>The 50:50 joint venture christened, ‘India Gas Solutions’, will also develop infrastructure to accelerate transportation and marketing of natural gas within the country, the companies said.<br /><br />Accordingly, the new company’s board comprises six members with equal representation from BP and RIL. Kris Sliger from BP will be appointed Chairman and RIL’s Bibhas Ganguly will be appointed Vice-Chairman.<br /><br />BP India’s Region President & Country Head Sashi Mukundan said, “Our vision is to see the RIL-BP joint venture company emerge as a major participant in meeting India’s growing gas demand. The need for assured gas supplies to fuel this growth is crucial and the RIL-BP partnership is in a unique position to contribute significantly in this respect.”<br /><br />The JV will commence operations with 30 employees seconded from BP and RIL, with deep <br />experience in the gas business, both in India and interationally. This JV will assume the administration of the existing gas contracts to KGD6 customers, and will pursue other opportunities.</p>
