India seeks USD 30 billion compensation from Mukesh Ambani led Reliance, BP in arbitration case due to..., tribunal’s verdict likely early next year - News Summed Up

India seeks USD 30 billion compensation from Mukesh Ambani led Reliance, BP in arbitration case due to..., tribunal’s verdict likely early next year


The move pertains to an arbitration case for gas in which it is forced to face heavy financial losses due to this alleged shortfall. The three-member tribunal will likely deliver its verdict in mid-2026, two people aware of the hearing schedule said. The D1 and D3 fields are part of India’s first crucial deepwater gas project, and they were seen as key to boost the country’s energy sources by making it independent when first developed. However, the highly anticipated project faced various difficulties in production regarding water ingress and reservoir pressure, along with cost-recovery disputes with the government. It also failed to produce the required gas, as shown by earlier public statements by Reliance and the government.


Source: dna December 29, 2025 10:20 UTC



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