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RIL gas News

Reliance Industries

29 Jun 2015

RIL to defer gas field development if price outlook uncertain

Reliance Industries may defer development of R-Series and other satellite gas fields in the eastern offshore KG-D6 block if the gas price outlook was uncertain, its junior partner Niko Resources of Canada said.

12 Jun 2015

Reliance seeks freedom to fix gas prices

"In this context, it is important to follow the intent, purpose and commitment of the NELP Policy i.e. Maximising E&P activities, getting the risk reward balance right and providing marketing and pricing freedom. This will provide predictability and certainty to the investors," he said.

Reliance Industries

07 May 2015

RIL-BP to triple gas output from KG-D6 by 2021-22

Reliance Industries and its partner BP plc will nearly triple natural gas production from their eastern offshore KG-D6 block by 2021-22 in anticipation of a 'right' gas price covering their exploration risk.

24 Dec 2014

RIL to give up KG basin gas discovery block

Reliance Industries will relinquish its Krishna Godavari basin gas discovery block, KG-D3, mainly because of operational restrictions placed by the Defence Ministry.

19 Aug 2014

Setback to OilMin: GAIL, CPCL refuse to comply with KG-D6 order

GAIL and CPCL have expressed their inability to deduct USD 115 million from the amount due to Reliance Industries.

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