NEW DELHI: IndianOil director (pipelines) Akshay Kumar Singh will head India\u2019s largest gas importing company, Petronet LNG, sources close to the company\u2019s board-appointed selection committee said.
\nSingh will succeed Prabhat Singh, who completed his 5-year term in September but did not get extension for two years that he was eligible for. In March, the oil ministry told Parliament in a written reply it had received several allegations of alleged corruption\/irregularities against Prabhat Singh.
\nThis will mark Singh\u2019s return to the gas business as he was executive director in state-run gas utility GAIL before joining the IndianOil board in 2018 as in charge of the company\u2019s substantial pipeline network.
\nA mechanical engineer from MIT, Muzaffarpur (Bihar) and a post-graduate in turbomachinery from South Gujarat University, Singh has about 34 years of experience in the oil and gas industry.
\nAt IndianOil, Singh red-flagged a move to hive off the company\u2019s vast network of pipelines and storage depots, a vital infrastructure that gave India\u2019s largest fuel refiner and retailer an edge in the market.
\nAt Petronet, his primary challenge will be tackling the pricing conundrum of long-term contracts in the backdrop of falling spot prices.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI: IndianOil director (pipelines) Akshay Kumar Singh will head India\u2019s largest gas importing company, Petronet LNG, sources close to the company\u2019s board-appointed selection committee said. Singh will succeed Prabhat Singh, who completed his 5-year term in September but did not get extension for two years that he was eligible for. In March, the oil ministry told Parliament in a written reply it had received several allegations of alleged corruption\/irregularities against Prabhat Singh. This will mark Singh\u2019s return to the gas business as he was executive director in state-run gas utility GAIL before joining the IndianOil board in 2018 as […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-382750","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/382750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=382750"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/382750\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=382750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=382750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=382750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}