Petronet LNG, the largest Indian importer and owner of two regasification terminals on the West Coast, has named Indian Oil Corp. director of pipelines Akshay Kumar Singh as its new Chief Executive as the nation expands its LNG and natural gas pipeline infrastructure.
“The board of directors of PLL has selected Shri Akshay Kumar Singh for the post of MD and CEO at its board meeting held on 4th of November 2020,” said a brief Petronet statement.
Akshay Kumar Singh replaces Prabhat Singh who completed his five-year term on September 13, 2020.
The new CEO was an executive director at state-owned gas utility former Gas Authority of India (GAIL) before joining the Indian Oil board in 2018.
Indian Oil developed the nation’s first East Coast import terminal at Kamarajar Port in Tamil Nadu, previously called Ennore, and located about 25 kilometres north of Chennai.
The Kamarajar LNG facility was built to supply chemical and fertilizer plants and was inaugurated in March 2019 by Indian Prime Minister Narendra Modi.
New Petronet CEO Kumar Singh is a mechanical engineer by training.
He graduated from Muzaffarpur Institute of Technology, a public and co-educational engineering college in Muzaffarpur in East India’s Bihar state.
He also earned a post-graduate degree from South Gujarat University and has 34 years of experience in the oil and gas industry.
The selection of Singh from a list of around 10 candidates puts him at the forefront of the sector at a time of planned expansion.