India's ruling coalition is likely to be under pressure from its new ally, the Samajwadi Party, to review the country's gas policy, which may delay Reliance Industries Ltd.'s (500325.BY) production plans for its D-6 offshore Krishna-Godavari basin find, the Economic Times reported Friday, citing unnamed sources. The gas policy, announced June 25, details distribution priorities for 40 million cubic meters per day of natural gas from the Reliance block, located off India's east coast, the paper said.
Friday, July 11, 2008
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