Reliance Industries (RIL) and UK's BP today announced incorporation of India Gas Solutions, a 50:50 joint venture company for sourcing and marketing of natural gas in India.
The joint venture is part of the agreement reached in February where BP picked up 30% stake in 23 oil and gas blocks of RIL, including the showpiece KG-D6 gas fields.
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/ril-bp-jv-incorporated-india-gas-solutions
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/natural-gas
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/british-petroleum-bp
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/liquefied-natural-gas-lng
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/power-industry
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy