Indian court upholds tribunal ruling favoring Reliance in gas sale case
5/9/2023
(Reuters) - Delhi High Court has upheld the ruling of an arbitration panel favoring Reliance Industries and its foreign partners in a dispute over gas migration from fields operated by state-owned Oil and Natural Gas Corp Ltd , a court order shows.
The oil ministry had approached the Delhi High Court after an international arbitration panel rejected its $1.55-B fine on Reliance and its partners for selling gas that migrated from ONGC's fields in the east coast Krishna-Godavari basin to their block in the same area.
"...the view taken by the arbitral tribunal is most certainly a "possible view", which calls for no interference," the court order said.
Related News
Related News
Sign up to Receive Our Newsletter
- Japan's Mitsui buys U.S. gas asset in 'pragmatic solution' for energy transition
- Equinor's Hammerfest LNG plant offline after outage
- Norway parliament asks for CCS alternative to decarbonize major LNG plant
- Innovation accelerates drive to sustainability
- Germany improving efforts to meet 2030 hydrogen goals
- Bear Head Energy receives environmental approval for large-scale green hydrogen and ammonia project in Nova Scotia
- Innovation accelerates drive to sustainability
- Germany improving efforts to meet 2030 hydrogen goals
- Indian court upholds tribunal ruling favoring Reliance in gas sale case
- Iraq says Iran blames reduced gas exports on 'technical' matter
Comments