Diabytes
ONGC-RIL gas dispute News
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As oil regulator DGH finalises the amount Reliance Industries may have to pay for producing ONGC's gas, the matter appears headed for arbitration owing to the premise used by AP Shah Committee that went into the issue.
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Government has extended by one month the tenure of A P Shah Committee looking into the dispute over natural gas migrating from state-owned ONGC's idle blocks in KG basin to neighbouring fields of Reliance Industries.
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Government on Tuesday extended tenure of Shah Committee looking into ONGC-RIL gas dispute by three months to July 31.
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US-based consultant D&M has submitted its final report on the gas dispute between ONGC and Reliance Industries, establishing that natural gas worth over Rs 11,000 crore has migrated from idling KG fields of the state-owned firm to the adjoining KG-D6 block.
An activist lawyer and a former bureaucrat Wednesday moved the Delhi High Court seeking its intervention in ONGC's petition accusing Reliance Industries Ltd (RIL) of exploiting gas worth Rs 30,000 crore from the PSU's natural gas block in Krishna-Godavri basin.
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