Entering another important segment of the natural gas business, Reliance Industries Ltd and BP India are in talks with gas-starved power projects of Andhra Pradesh to supply long-term liquefied natural gas (LNG).

India Gas Solutions (IGS), the equal joint venture between the two companies, is looking to sell LNG to five power producers in Andhra Pradesh — GMR, GVK, Lanco Infratech, Sravanthi Energy and Konaseema Gas — and would give them term sheets in the next few days.