Kg Gas Dispute

The Supreme Court has refused to hear the Krishna-Godavari basin gas production dispute between the Reliance Industries Ltd (RIL) and the government saying the court would rather look into more important cases.

The memorandum of understanding signed last week has a dispute resolution mechanism set out wherein any differences over issues like valuation or natural gas reserves would be referred to a three-member committee of outside experts.

The government has extended by one month the tenure of A P Shah Committee looking into the dispute over natural gas migrating from state-owned Oil and Natural Gas Corporation's idle blocks in the KG basin to neighbouring fields of Reliance Industries.

International expert D&M will by June next year submit its report on claims of gas by Oil and Natural Gas Corp (ONGC) from its KG basin find seeping into the neighbouring gas field operated by Reliance Industries Ltd (RIL), Oil Minister Dharmendra Pradhan has said.

The Supreme Court earlier in April appointed Michael Hudson McHugh, former Judge of the High Court of Australia to head the board of arbitrators to solve the dispute.

The top court had earlier withdrawn its order appointing Australian Judge James Spigelman as an arbitrator between the government and RIL in the KG basin dispute.

Mukesh Ambani's Reliance Industries has finally broken its silence on the gas dispute between the billionaire brothers.

In what could be a new chapter in the Ambani brothers gas dispute, sources say the oil ministry is likely to submit proposals on pricing of natural gas.

The Supreme Court has refused to hear the Krishna-Godavari basin gas production dispute between the Reliance Industries Ltd (RIL) and the government saying the court would rather look into more important cases.

The memorandum of understanding signed last week has a dispute resolution mechanism set out wherein any differences over issues like valuation or natural gas reserves would be referred to a three-member committee of outside experts.

The government has extended by one month the tenure of A P Shah Committee looking into the dispute over natural gas migrating from state-owned Oil and Natural Gas Corporation's idle blocks in the KG basin to neighbouring fields of Reliance Industries.

International expert D&M will by June next year submit its report on claims of gas by Oil and Natural Gas Corp (ONGC) from its KG basin find seeping into the neighbouring gas field operated by Reliance Industries Ltd (RIL), Oil Minister Dharmendra Pradhan has said.

The Supreme Court earlier in April appointed Michael Hudson McHugh, former Judge of the High Court of Australia to head the board of arbitrators to solve the dispute.

The top court had earlier withdrawn its order appointing Australian Judge James Spigelman as an arbitrator between the government and RIL in the KG basin dispute.

Mukesh Ambani's Reliance Industries has finally broken its silence on the gas dispute between the billionaire brothers.

In what could be a new chapter in the Ambani brothers gas dispute, sources say the oil ministry is likely to submit proposals on pricing of natural gas.