Brief by Shorts91 Newsdesk / 06:57pm on 29 Dec 2025,Monday Business
India is reportedly seeking over $30 billion in compensation from Reliance Industries Ltd (RIL) and its partner BP over alleged under‑production of natural gas from the D1 and D3 offshore fields in the KG‑D6 block of the Krishna‑Godavari Basin. Government submissions to a three‑member arbitration tribunal claim the companies failed to meet production targets, causing losses of gas and value. Final arguments concluded in November 2025, and a decision is expected by mid‑2026. However, Reliance has strongly denied any $30 billion claim, calling reports “factually incorrect”.
