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Monday, Oct 25, 2021
Outlook.com

Gasified Assets

An HC ruling on how the Ambanis should share gas raises questions

Gasified Assets
Gasified Assets
outlookindia.com
-0001-11-30T00:00:00+05:53
What The Verdict Means

Guarantees Anil gas from RIL’s KG basin block at 44% below listed govt price. Asks Ambanis to sort it out, reveals Anil has first right to 40% of RIL’s gas from all blocks.

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What Remains Unanswered
  • Is the gas allocation policy subservient to private pacts?
  • Can a sub judice deal with NTPC determine the price at which gas will be sold?
  • How will this affect the govt’s return on investment?
  • Who will compensate govt for gas sold below set price?
  • Can private investors divide gas/oil in perpetuity?

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The Way Ahead?

Legal battle may continue; govt is studying the impact on its revenues and the public interest.

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Finally, a verdict on the bruising battle between the Ambani brothers over the supply of natural gas from...
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