BP, RIL form joint venture for natural gas

MUMBAI: RIL and BP on Friday announced the incorporation of their 50:50 joint venture company, India Gas Solutions Pvt Ltd, which will focus on global sourcing, transporting and marketing of natural gas in India.
“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,” BP India’s region president and country head Sashi Mukundan said.
India Gas Solutions Pvt Ltd will also develop infrastructure to accelerate transportation and marketing of natural gas.