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HC order on gas: Reliance still weighing options

Our Bureau

New Delhi, June 25 Reliance Industries on Thursday said it is still evaluating options before firming up its next move following the Bombay High Court order which directed it to supply gas to Anil Ambani company, Reliance Natural Resources Ltd at $2.34/mBtu.

Speaking to newspersons here, Mr P.M.S. Prasad, President and CEO (Petroleum Business), RIL, said, “We have time till July 15. We are still evaluating our options.”

Asked about the production from the prolific D6 block, he said, the company is producing 28 million standard cubic metres a day (mscmd) of gas from its Krishna Godavari basin block against a capacity of 37 mscmd. RIL may produce 40 mscmd from its field by July-end, he said.

“We need to get more linkages. Customers such as NTPC are not taking their share. Dabhol will start taking gas only after September,” he added.

Related Stories:
RNRL seeks meeting with RIL on gas sharing issue
Court directs Reliance to sell gas to RNRL at $2.34

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