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Home News Power Sector News Center files affidavit in SC to make it party in RIL-RNRL gas dispute

Center files affidavit in SC to make it party in RIL-RNRL gas dispute

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Supreme courtIn a new twist to the battle between Anil and Mukesh Ambani group firms, the Central government asked the Supreme Court to make it a respondent in the ongoing gas supply dispute to safeguard its interests. In its affidevit filed in the apex court in response to a petition filed by Mukesh Ambani-led RIL seeking to make government an intervener, the Petroleum Ministry said that it should be impleaded as a party in the dispute.

Younger Ambani sibling Anil's group firm RNRL had also filed a petition in the apex court seeking modification in the Bombay High Court ruling to make it incumbent on RIL to supply gas from KG Basin fields at a price of USD 2.34 per mmBtu, which is 44 per cent lower than that fixed by the government.

Mukesh Ambani-led RIL also today submitted that it has no unfettered rights over the KG basin gas and that it would not be possible to supply gas to the Anil Ambani group firm without the government's permission.

Reliance Industries said it was only the operator of the Krishna Godavari basin and that was bound by government policies on the pricing and sale of gas produced at the KG-D6 field.

RIL also prayed the Supreme Court that it be allowed to sell gas to others without any restraint.

Union petroleum minister Murli Deora had, last week, stated that the gas in the Krishna-Godavari basin belonged to the government and that the Ambani brothers need not go to court over it. He did not elaborate as the matter was sub judice.

Commenting on the dispute, Andhra chief minister YS Rajshekhar Reddy also said the gas in the Krishna-Godavari basin would be allotted by the central government and not by the Ambani brothers, adding, it was not a family matter of the Ambanis.

The Supreme Court has posted hearing on the case for 20 July. The Bombay high court had ruled that Reliance Industries must honour a 2005 agreement to sell gas from the KG basin to RNRL, the company controlled by his estranged brother Anil.

Under the family accord, Reliance Industries is required to sell 28 million cubic meters of gas daily to RNRL at $2.34 per million British thermal units for 17 years.  Against this, the government has asked Reliance Industries to sell KG basin gas at $4.2 per mBtu.

Source - PTI

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