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Reliance KG gas at $4.2: Govt
Rahul Wadke
Mumbai, Jan. 13 Natural gas from the Reliance Industries-controlled KG block would be available to all private and public sector at a price not less than $4.20/mmbtu, which has been fixed by the Government, said Mr Mohan Parasaran, Additional Solicitor-General of India, while arguing in the RIL-RNRL case in the Bombay High Court on Tuesday.
The Government of India is an intervenor in the case; Mr Parasaran is counsel for the Government.
RIL is also fighting another suit against NTPC in the same court.
Arguing before the Division Bench in the RIL-RNRL case, Mr Parasaran said the price of $4.20 would also be applicable to all buyers of KG gas including NTPC as the decision has been taken by the Empowered Group of Ministers (E-GoM).
He also filed an affidavit on behalf of the Government, which states that the discovered price for natural gas from RIL’s KG basin has been approved by an E-GoM meeting of September 12, 2007 and that the price would be applicable to all sectors uniformly.
Related Stories:
Reliance-RNRL case: Govt withdraws 4 affidavits
NTPC suit against RIL coming up for hearing today
No change in price of gas from Reliance’s KG basin block
KG basin gas to cost 1/5th of crude oil: Mukesh Ambani
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