The Indian government is demanding over $30 billion in compensation from Reliance Industries and BP for their failure to produce contracted gas volumes from two offshore fields, Reuters reported today, citing unnamed sources familiar with the situation. The case has been running since 2016 at an arbitration tribunal, with the final ruling expected in mid-2026, the Reuters sources said. The dispute concerns gas production from the D1 and D3 deepwater gas fields in the D6 block in the Krishna Godavari basin, India’s first major offshore gas…
