LNG

Reliance Industries, the Indian conglomerate and a leading energy company with domestic gas volumes backing the nation’s LNG imports, reported a decline in fiscal first-quarter earnings while strategic oil and gas operations advanced amid likely continued volatility in gas markets.

Reliance Industries Limited, the Indian conglomerate and a leading energy company supplying rising domestic gas volumes to supplement LNG imports, has started up a third gas field in the Krishna Godavari Basin KG-D6 block on the East Coast of India in a joint venture with BP of the UK.

Reliance Industries, the Indian conglomerate and a leading oil, natural gas and chemicals company supplying rising gas volumes to supplement LNG imports, reported a jump in revenues overall and across its natural gas and oil divisions because of higher prices and tighter fuel markets.