Reliance Industries, BP form natural gas JV

摘要

Reliance Industries and BP announced the formation of an equal joint venture called India Gas Solutions Pvt. Ltd. for sourcing and marketing natural gas in India. Reliance and BP will provide an equal amount of equity to fund the new company. India Gas Solutions will initially have 30 employees and it will assume the administration of the existing gas contracts to KG-D6 customers, in addition to other opportunities, the companies said.