Reliance industries pitches for market-driven price for natural gas

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SummaryPitching for market-driven prices for natural gas, Reliance Industries has said it has found very large gas reserves that need a price of more than USD 10 per million British thermal unit to be developed and produced.

Economic Advisory Council chairman may be veering around to the idea of changing the present system where firms like RIL are allowed to recover all their investment first before sharing profit with the government, thereby giving incentive to keep raising spending to delay government profit.

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