Parliamentary Panel to Examine ONGC Gas Flowing into RIL Fields
A top parliamentary panel has begun examining RIL’s “unfairly” producing over Rs 10,000 crore worth of natural gas belonging to state-owned ONGC in the KG-basin and constituted a sub-committee to go deeper into the issue.
The CAG report is being examined by the Public Accounts Committee (PAC) of last year that had red-flagged USD 1.6 billion of excess cost recovered by Reliance Industries in the KG-D6 gas block as also state owned ONGC’s gas flowing into the eastern offshore fields of RIL.
According to sources, a sub-committee headed by TMC MP Sukhendu Sekhar Roy was constituted to look deeper into the issue.
The vase was presented to the panel by the officials of ONGC and RIL. The PAC has decided that its sub-committee on infrastructural projects headed by Roy will look into the matter, according to a source.
Near about 11.122 billion cubic meters of ONGC gas had migrated from its Godavari-PML and KG-DWN-98/2 blocks to adjoining KG-D6 of RIL between 1 April, 2009 and 31 March, 2015.
State-run Oil and Natural Gas Corporation (ONGC) ended up paying an additional Rs.18,626 crore in subsidies over the period 2011-12 Read more
