Reliance Industries and its offshore partners are strongly denying allegations of siphoning gas from ONGC fields. The companies are in the Supreme Court challenging a High Court verdict that overturned an arbitral award in their favor. The Centre had demanded over a billion dollars for gas allegedly migrated from ONGC blocks to their KG-D6 area.

RIL and two foreign firms seek mediation with the Centre in the ongoing Krishna-Godavari Basin gas dispute, says Supreme Court.

The development came a day after the Centre accused the consortium of having “virtually committed a theft” of natural gas belonging to state-run ONGC. | India News