May 8, 2010

AMBANI VS. AMBANI: Chronology of Gas Raw Between RIL and RNRL

Following is the chronology of events surrounding the dispute over supply and pricing of gas from Reliance Industries' eastern offshore KG-D6 fields to Reliance Natural Resources Ltd (RNRL): February 1999: Reliance Industries (undivided) and Niko Resources of Canada win Krishna Godavari (KG) basin deepsea block KG-DWN-98/3 (KG-D6_ in India’s first licencing round (NELP-1) April 2000: RIL-Niko sign Production Sharing Contract (PSC) for KG-D6...