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MUMBAI: State-run NTPC would not be “allowed'' to buy KG-D6 gas at less than USD 4.20 per million British thermal unit (mmBtu), the union government told the Bombay High Court on Tuesday.

The High Court is hearing a dispute between Mukesh Ambani-led Reliance Industries (RIL) and Anil Ambani's Reliance Natural Resources (RNRL) over a gas sale agreement, in which the government has intervened. Additional Solicitor General Mohan Parasaran t old the court that “NTPC will not be allowed to buy gas at less than USD 4.2 per mmBtu''.

He also said that the gas should be sold as per the marketing priorities as spelt out in the gas utilisation policy of the government. NTPC has filed a separate suit against RIL, seeking that RIL execute the contract of gas supply.

RIL has denied that the contract with NTPC was formalised. As per the NTPC-RIL contract, NTPC is due to get the gas from KG basin at USD 2.34 mmBtu. As per RNRL, it is also entitled to get the gas from RIL at the same price as NTPC. The hearing in RIL -RNRL case will continue. – PTI

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