The company is looking to invest more than $3 bn over the next three years.
Earlier this week, the ministry had come out with a clarification, saying domestic gas producers had to stick to the earlier price of $4.2 a unit until a further notification from the new government.
If the EC decides to put on hold a gas price revision for RIL, it would set a precedent for pricing decisions of the government and policy decisions taken but undergoing procedural delays.
The government appointed panel will look at the difficulties consumers faced in receiving the subsidy after buying gas cylinders at market rates.
Govt notification on $8.4 a unit price likely by month-end
Gas price hike seems to be a distant dream for Reliance Industries and its partners--Niko Resources and BP.
For 2014-15, the bill on this account is likely to be 12.8% more than in 2013-14.
The govt auditor also indicts DGH and management committee of D1 and D3 fields
M Veerappa Moily's takeover of the environment & forests ministry last month, it appears, is turning out to be a blessing for Coal India Ltd (CIL), the world's largest coal producer.
This comes even after the Indian ambassador there had said this would affect the interests of other Indian companies.
The likely solution that appears before the AAP government is to seek for a higher quota of domestic natural gas for Delhi, which would bring down auto and cooking gas prices.
Ministry to propose a new subsidy mechanism to cap upstream firms' share.
Star ratings would be applicable for diesel pumps in the agriculture sector.
Delhi Pollution Control Committee has asked water & electricity providers to cut supply
Could get $8.4 per mmBtu from April 2014 by furnishing bank guarantee that would be encashed if D1, D3 gas hoarding proved
Yamal LNG is a joint venture owned by OAO Novatek with 80 per cent and Total S A holding 20 per cent stake OAO Novatek holds 60 per cent stake in Yamal LNG, while Total S A and China National Petroleum Corp hold 20 per cent each
The run-up to next year's general elections might see some of the top executives of government-run companies getting unlucky. And, the period could become the best in the lives of those waiting in the wings.
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The 25-year production sharing contract, however, ends in 2029.
Mukesh Ambani's Reliance Industries (RIL) might be denied a higher gas price from its D1 and D3 fields until the arbitration process with the government is over and a third-party expert report on the fall in output at the KG-D6 block is out.
Keeps open the option to make payments in yen or yuan in the face of sanctions
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