Petroleum ministry on Sunday welcomed Anil Ambani Group company Reliance Energy’s demand for a gas utilisation policy saying it should withdraw all court cases seeking at least half of the output from Reliance Industries’ KG Basin.
"If they are serious about their demand, we welcome it. For that, they should withdraw all cases where they had by virtue of a private family agreement claimed ownership of atleast half of the 80 mmscmd of gas to be produced from KG-D6," a top petroleum ministry official said.
The comments came in response to Reliance Energy director J.P. Chalsani demanding a gas utilisation and pricing policy be put in place before deciding on the pricing of gas from KG-D6 fields of RIL.
Monday, August 6, 2007
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