LNG

India’s Reliance Industries, the group with growing natural gas and oil and chemicals businesses, reported increased overall fiscal first-quarter revenues while net income slipped amid moves to boost the nation’s domestic output with more exploration and production to offset LNG and oil imports.

Reliance Industries, the Indian conglomerate and a leading energy company supplying rising domestic gas volumes to supplement LNG imports, reported an increase in earnings across its energy division and the start-up soon of a third gas field in the Krishna Godavari Basin KG-D6 block on the East Coast of India.

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.