Government Withdraws Affidavit In KG Basin Gas Case

Government Withdraws Affidavit In KG Basin Gas Case Union government had withdrawn the affidavit from the Bombay High Court, which was filed over RIL-RNRL gas dispute case. The affidavit was filed by the oil ministry, explaining the contractual violations over the sale of Krishna-Godavari basin gas.

The government stated in the affidavit that Reliance Industries (RIL) cannot sell gas at a price less than $4.20 per million metric British thermal units. Government's counsel, ASG Mohan Parasaran informed the court regarding the withdrawal of affidavit. He said," We have withdrawn the affidavit as we do not want to waste the court’s time in cross-examinations. The government will assist the court with respect to policies and provisions of the production sharing contract (PSC). We will file our submissions in January, when the matter comes up for hearing."

Meanwhile, the counsel for Reliance Natural Resources (RNRL), Ram Jethmalani wanted to cross examination of the government official. However, additional solicitor general (ASG), Mohan Parasaran and RIL, Counsel Harish Salve firmly opposed his demand.

The next hearing of the case is fixed on January 12. Government is likely to announce its fresh stance on pricing of KG basin gas.