#kg-basin
KG Basin row: RIL claims returns to govt surpass what ONGC could have delivered
The RIL-led consortium defended its extraction of ‘fugitive’ gas as a natural occurrence, arguing that its timely development prevented a $1.4 billion loss to the state and provided superior profit-sharing compared to a potential ONGC operation.
RIL tells SC KG Basin arbitration was international dispute, not domestic
Reliance Industries had not pursued the arbitration alone but had acted only as the operator under the production sharing contract on behalf of the entire consortium comprising it, BP and Niko, argues RIL lawyer.
Krishna-Godavari basin dispute: Reliance and others seek mediation, SC refuses to halt hearing
Reliance Industries Limited and two foreign partners told the Supreme Court they will ask the Indian government to resolve the Krishna-Godavari (KG) Basin gas migration dispute through mediation.