Balyan completed five year term as Managing Director and Chief Executive Officer of Petronet, India's largest liquefied natural gas importer, on July 15. Reliance Power has recently announced setting up of 3,000 MW LNG based power plant and a LNG terminal in Bangladesh. The total investment in the project which will be implemented in phases is estimated to be around Rs 18,000 crore.

"Balyan brings along with him rich experience of over four decades in strategic planning, operations management, business development and human resources in oil and gas sector," the statement said.

He will be based out of Delhi. Prior to Petronet, Balyan was with Oil and Natural Gas Corp (ONGC) for nearly three decades. He was Director (Human Resource Development) at ONGC before being appointed CEO of Petronet.

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