India’s Reliance Industries will invest in shale gas

Reliance Industries logo

Reliance Industries Limited – part of the Reliance Group, India’s largest private sector enterprise – will invest up to USD 700 million in its shale gas venture in the current fiscal.

Mr Alok Agarwal, CFO of RIL, said to reporters in Mumbai that “We will invest USD 600 million to USD 700 million in the shale gas venture. This figure has almost become into a yearly run rate now, we hope to open around 125 to 175 new wells during the year.”

On KG-D6 the company will concentrate on improving gas production in this fiscal year. Shale gas also continued high growth with production increasing 2.8% sequentially to 13.6 mmscmd.

Article continues below this message

Have your opinion heard with Shale Gas International

We accept interesting, well-written opinion and analysis articles of up to 1,500 words, that offer unique insights into the shale industry. The articles cannot be overtly promotional in nature and need to fit into at least one of our content categories.

If accepted, the article must be exclusive to Shale Gas International website and cannot appear on any other websites, publications, etc. Each article may contain up to three links to external websites relevant to the content discussed in the piece.

If you would like to contribute to Shale Gas International website, please contact us at: editor[at]