RIL Defends KG Basin Gas Extraction Against ONGC Claims
The Dispute Over Fugitive Gas The Reliance Industries Limited (RIL)-led consortium has formally defended its extraction of natural gas from the Krishna-Godavari (KG) basin, asserting that its rapid development saved the Indian government approximately $1.4 billion in potential losses. The consortium argues that the migration of gas from state-owned Oil and Natural Gas Corporation (ONGC)…