India seeks $30 billion from Reliance Industries, BP in Krishna Godavari-D6 gas field dispute - News Summed Up

India seeks $30 billion from Reliance Industries, BP in Krishna Godavari-D6 gas field dispute


The government is seeking over USD 30 billion from Reliance Industries Ltd and BP as compensation, alleging the partners built larger-than-required facilities at the Krishna Godavari-D6 fields and subsequently failed to meet natural gas output targets, sources said. It put the value for all of this at over USD 30 billion. Natural gas output from Dhirubhai-1 and 3 (D1&D3) gas fields started to lag company projections from the very second year of production in 2010, and the field ceased to produce in February 2020, much ahead of its projected life. Reliance, in an initial field development plan, had proposed a USD 2.47 billion investment to produce a peak of 40 million standard cubic meters per day of gas. Facing cash problems, Niko exited the blocks, leaving Reliance with 66.66 per cent stake and the balance with BP.


Source: The Telegraph December 29, 2025 14:14 UTC



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