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India Gas Solutions (IGS), a BP and Reliance Industries (RIL) joint venture on Monday announced the appointment of Vinod Tahiliani as chief executive officer. Tahiliani was earlier vice president, Strategy & Commercial, for BP India.
"Tahiliani has over 25 years of international experience in the oil and gas business and project financing and joins IGS from BP, where he was most recently the Vice President, Strategy & Commercial for BP India.
For BP, he has developed gas value chain businesses and worked on oil, gas and power developments in India, Angola and Vietnam," the company said in its statement.
Before joining BP, he specialised in project finance and infrastructure advisory for power, oil & gas and infrastructure projects with a leading bank in India, the company said in its statement. Tahiliani has an engineering degree from Mumbai University, and an MBA from Indian Institute of Management, Bangalore.
Commenting on IGS's business, P M S Prasad, executive director for RIL, said, "Demand for gas has been growing at an exponential rate and we anticipate natural gas to emerge as the preferred choice of fuel given its properties as a cleaner and sustainable fuel source." He further added, "Vinod Tahiliani brings with him the expertise to lead IGS as we look to further develop the business."
IGS administers the existing gas sales contracts to customers for production from the KG-D6 block and is actively pursuing opportunities for marketing R-Series gas and LNG imports. The joint venture company also has focus on infrastructure to accelerate transportation and marketing of natural gas within the country.