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RIL denies hoarding charges

RIL has asked Centre to nominate users for incremental gas from its Bay of Bengal fields.

Mukesh Ambani-led RIL has asked the Centre to nominate users for incremental gas from its Bay of Bengal fields,saying that it has not denied natural gas to any government-identified customer.

Rubbishing Anil Ambani Group’s charges of ‘hoarding’ gas and creating ‘artificial scarcity’,RIL Executive Director and Head of Oil and Gas Business PMS Prasad said customers for about one-fourth of the initial 40 mmscmd of gas from KG-D6 fields are yet to draw due to failure at their ends.

Anil Ambani Group,which is fighting a legal battle with Reliance Industries for obtaining gas at a price of USD 2.34 pet mmBtu had alleged that RIL was deliberately under producing to create artificial scarcity.

The Supreme Court is to hear the case from October 20.

In a letter to Petroleum Secretary R S Pandey,Prasad said of the customers identified by the Government to receive the initial 40 million standard cubic meters per day of gas,NTPC,Dabhol,Essar and GAIL are yet to draw a single unit.

NTPC,which was allocated 2.7 mmscmd,is yet to sign a contract,while Ratnagiri Gas and Power – the owner of Dabhol – has signed a contract for 2.7 mmscmd but has not begun rawing yet. Essar and GAIL between them are expected to start taking 4 mmscmd of gas by next month.

“Of the allocated quantity of 40 mmscmd,allocation to the extent of 9.4 mmscmd remains un-operational till date,” he wrote. “No customer who has been allocated gas by Government,has been denied gas for reasons attributable to RIL.”

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  • Anil Ambani Mukesh Ambani
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