24 July, 2021

Gasified Assets

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

Gasified Assets
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.


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?


The Way Ahead?

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


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

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