India's gas pricing derails exploration

UNCERTAINTY over long-term natural gas pricing and government interference has prompted Mumbai-headquartered conglomerate holding company Reliance Industries and its partners to relinquish an oil and gas block off India's east coast.

British E&P company Hardy Oil & Gas, one of Reliance's partners, said last week the decision was made after the Indian partner of the block confirmed restrictions imposed by the Ministry of


Most read WORLD