Reliance Industries (RIL) is expected to produce natural gas from its Krishna-Godavari (KG) basin by February next year, said an official in the petroleum ministry, who didn’t wish to be named. For full story, click here
In an unusual development, the government has withdrawn the affidavit, it had filed in the Bombay High Court, arguing that Reliance Industries (RIL) cannot sell Krishna-Godavari basin gas at a price less than $4.20 per million metric British thermal units (mmBtu). For full story, click here
Mukesh Ambani-led Reliance Industries (RIL) cannot sell to anybody at a price less than $4.20 per British Thermal Units without its approving the pricing formula, the government informed the Bombay HC. For full story, click here For RIL’s website, click here
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