Last Updated: Wednesday, April 09, 2014, 18:01
After agreeing to temporarily sell gas to urea plants on old terms, Reliance Industries has told its sole customers the new formula, which almost doubles the price of the fuel, will apply from April 1.
Last Updated: Monday, November 18, 2013, 16:05
Reliance Industries will have to provide a bank guarantee of USD 135 million every quarter to get a higher price for natural gas from April 1 next year.
Last Updated: Monday, November 11, 2013, 16:09
In a breather to RIL, the government is likely to allow doubling of price of gas from its KG-D6 block provided the company gives bank guarantees that can be encashed if proved that the energy major was hoarding gas.
Last Updated: Sunday, September 22, 2013, 14:43
A block oversight panel headed by oil regulator DGH will meet shortly to decide on Reliance Industries' proposal to slash gas reserves in main fields in its KG-D6 block by two-third and cut investments by USD 3 billion.
Last Updated: Sunday, September 30, 2012, 18:05
If the formula is approved, it would result in a gas price of slightly under USD 13 per million British thermal unit (mmBtu) at an oil price of USD 100 per barrel, it said.
Last Updated: Sunday, July 01, 2012, 17:54
The Petroleum Ministry looks set to reject the price Reliance Industries has proposed for gas it will produce from below coal seams, CBM, citing a 2010 ruling of the Supreme Court that had not commented on CBM pricing.
Last Updated: Tuesday, May 22, 2012, 22:47
Reliance Industries has decided to give back a Mahanadi basin deepsea block D4 due to natural gas discoveries not being viable to produce at current subdued domestic prices.
more videos >>