The Justice (Retd) A P Shah panel has been constituted to look into acts of omission and commission and recommend compensation to ONGC whose natural gas from Bay of Bengal block had flowed to adjoining fields of Reliance Industries Ltd. (RIL).
- The committee has been constituted after US-based consultant DeGolyer and MacNaughton (D&M) stated that as much as 11.122 billion cubic meters of natural gas, worth over Rs 11,000 crore, had migrated from idling Krishna Godavari fields of Oil and Natural Gas Corp (ONGC) to adjoining KG-D6 block of RIL.
- The panel has been asked to look into legal, financial and contractual provisions and submit a report within three months.
Key Points:
- Minister of Petroleum and Natural Gas: Dharmendra Pradhan
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