Friday, Sep 17, 2021
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Uneasy Truce At The Wellhead

The government stands firm at the Reliance gas row, holds all future levers, keeps ends open

Uneasy Truce At The Wellhead
Uneasy Truce At The Wellhead
outlookindia.com
-0001-11-30T00:00:00+05:53

In The Pipeline, On The Morrow

Grey areas in the next round of Anil vs Mukesh

  • Price The $4.2/mmBtu price ceiling is due for revision in 2012. Will the government then step in, or let market forces discover end price?
  • Gas Allocation Changes required in government policy for Anil to get committed supply of gas for his greenfield power plant.
  • Tenure The 17-year tenure demand will not be respected. Under new policy, only five-year pacts are being signed.
  • Quantity Government will have to do a balancing act to assure supplies. Anil’s demand for 28mmscmd will not be met.
  • The Future SC hasn’t commented on Anil’s right to seek 40% of RIL’s existing and future E&P discoveries. Leaves door open for Anil tonegotiate.
  • Arbitration If all these issues aren’t resolved, Anil will seek implementation of MoU as...
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