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Reliance Industries Files Gas Case to Supreme Court

Bloomberg -- Billionaire Mukesh Ambani’s Reliance Industries Ltd. said it filed a petition to the Supreme Court challenging a lower court order to supply natural gas to Reliance Natural Resources Ltd. at a discount to the government-fixed rate.

Reliance Industries said in its petition that it can’t sell the gas from its Krishna Godavari field at a price lower than the $4.2 per million British thermal units set by the government. Company spokesman Tushar Pania confirmed that the petition had been filed today and declined to comment further.


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Submitted Jul 05, 2009 By: ziyulu
Category: Daily News Article Discussions > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Reliance Industries Files Gas Case to Supreme Court Post a Reply Back to Topics
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Champion Author California

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Message Posted: Jul 5, 2009 3:51:34 PM

Not sure how this relates to us in the USA, but it sure seems India has it's issues...
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Champion Author Kentucky

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Message Posted: Jul 5, 2009 3:49:43 PM

What?
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Champion Author Virginia

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Message Posted: Jul 5, 2009 3:40:30 PM

so what
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All-Star Author Dallas

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Message Posted: Jul 5, 2009 3:39:09 PM

Not even a blip on my radar.
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Champion Author Wisconsin

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Message Posted: Jul 5, 2009 3:37:58 PM

It sounds like India has bigger issues in its legal system than we do.
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Champion Author Albany

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Message Posted: Jul 5, 2009 3:37:03 PM

Who cares.
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Sophomore Author Boston

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Message Posted: Jul 5, 2009 3:28:13 PM

this doesn't sound like a US Supreme Court case
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Champion Author Denver

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Message Posted: Jul 5, 2009 3:28:12 PM

It'll be that way here soon.
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Champion Author Kentucky

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Message Posted: Jul 5, 2009 3:25:35 PM

Looks like they'd better learn to keep their commitments...
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Veteran Author Los Angeles

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Message Posted: Jul 5, 2009 3:23:00 PM

Whats next the government fixing the price of Coca-Cola?
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Champion Author St. Louis

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Message Posted: Jul 5, 2009 3:22:19 PM

I have to pay so should they.
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Champion Author Dallas

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Message Posted: Jul 5, 2009 3:22:15 PM

and this will probably make our prices go up
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All-Star Author Houston

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Message Posted: Jul 5, 2009 3:18:28 PM

The "government fixed rate" always causes unexpected problems....
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Champion Author Grand Rapids

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Message Posted: Jul 5, 2009 3:17:34 PM

I guess all countries have superfluous legal cases going to their respective Supreme Courts. This case won't affect me one way or the other.
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Champion Author Atlanta

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Message Posted: Jul 5, 2009 3:16:27 PM

Why should they have a price lower than every one else? Maybe hey should pay the same but receive a handout for the balance from boma.
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Champion Author Atlanta

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Message Posted: Jul 5, 2009 3:16:03 PM

This' a great article...for Indian's don't know if it has much relevance to us here...
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Champion Author Long Island

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Message Posted: Jul 5, 2009 3:11:54 PM

who cares?
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Champion Author Stockton

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Message Posted: Jul 5, 2009 3:09:46 PM

They should be made to abide by the price they contracted at!
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Champion Author Detroit

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Message Posted: Jul 5, 2009 3:01:10 PM

I have to pay the same price to heat my house no matter what the outcome.
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Champion Author Toronto

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Message Posted: Jul 5, 2009 2:58:14 PM

Good point, fairchildd!
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Champion Author St. Louis

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Message Posted: Jul 5, 2009 2:58:09 PM

Don't sell it cheaper then. GIVE IT AWAY!!!!!!!!!!!!!!!!!!!!1
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Champion Author Lincoln

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Message Posted: Jul 5, 2009 2:57:38 PM

Bla, bla, bla, whatever.
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Champion Author San Diego

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Message Posted: Jul 5, 2009 2:55:31 PM

A 17 year contract? Time to put the hooka down...
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Champion Author Kansas City

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Message Posted: Jul 5, 2009 2:55:28 PM

if you don't want to get stuck in a bad deal, then don't do the deal. Otherwise, live up to your end of the bargain
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Veteran Author Pennsylvania

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Message Posted: Jul 5, 2009 2:53:51 PM

This story is about a company in India which signed a contract to sell natural gas at a price. Well, the world spot price of the natural gas went up and they locked themselves into a 17 year contract. I don't know about India, but here in the United States if you set a 17 year price that is the price for the next 17 years, unless you are able to renegotiate a new rate.

But still, this article has nothing to do with the US.
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Champion Author Los Angeles

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Message Posted: Jul 5, 2009 2:52:27 PM

Ditto to PathfinderSC. Do what we can to control. Conserve more than ever now!
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Champion Author Dallas

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Message Posted: Jul 5, 2009 2:51:22 PM

I certainly hope Supreme Court will not hear this case and let stand lower court's decision.
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Champion Author Illinois

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Message Posted: Jul 5, 2009 2:49:25 PM

How, exactly does this affect us?
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Champion Author Lexington

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Message Posted: Jul 5, 2009 2:45:09 PM

I bet our federal government wished they could control all of our energy companies like Bombay does. Governments don't care whether profits are made as long as they get their social wishes. Companies don't operate long at a loss.
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Champion Author Dayton

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Message Posted: Jul 5, 2009 2:42:09 PM

Greed on the line.......
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Champion Author Missouri

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Message Posted: Jul 5, 2009 2:37:04 PM

This is natural gas not even sold here.
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Champion Author Dallas

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Message Posted: Jul 5, 2009 2:33:04 PM

You can bet higher profits are at stake.
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All-Star Author Stockton

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Message Posted: Jul 5, 2009 2:27:09 PM

In Pumpanese that translates to....?
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Champion Author Michigan

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Message Posted: Jul 5, 2009 2:24:54 PM

If you are unhappy, sue someone!!
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Champion Author Wisconsin

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Message Posted: Jul 5, 2009 2:18:00 PM


WELL!!!,THEY HAVE THE "OIL CARTEL" TOTALLY SCRED UP,,,NOW THEY WISH TO SQUEEZE GREATER PROFITS OUT OF THE "NATURAL GAS" MARKETS,,,,ALL TO GAIN EVEN MORE CONTROL !!!!!,,,,,MORE GREED !!!!!
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Champion Author Atlanta

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Message Posted: Jul 5, 2009 2:14:57 PM

What in the world does this story about the country of India have to do with anything we care about in the U.S.? In the first place there's no way we could or would even want to understand the inter-workings of government and industry over there.
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Champion Author Michigan

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Message Posted: Jul 5, 2009 2:12:48 PM

You got that right OHMS!
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Champion Author New Jersey

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Message Posted: Jul 5, 2009 2:10:57 PM

This appears to the (Ambani) family fued in INDIA - more contract law than energy supply
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All-Star Author Dayton

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Message Posted: Jul 5, 2009 2:09:26 PM

so the courts decide prices now?
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Message Posted: Jul 5, 2009 2:07:49 PM

Socialism is F up!
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Champion Author Milwaukee

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Message Posted: Jul 5, 2009 2:06:18 PM

What's next??
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Champion Author Delaware

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Message Posted: Jul 5, 2009 2:06:04 PM

I hope you enjoyed your last Fourth of July celebtrating our independence.



[Edited by: paulydel at 7/5/2009 2:07:01 PM EST]
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Champion Author Florida

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Message Posted: Jul 5, 2009 2:01:22 PM

Some one wants to sell lower?
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Champion Author Michigan

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Message Posted: Jul 5, 2009 2:00:30 PM

I do not understand a court can do that.
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Champion Author Tampa

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Message Posted: Jul 5, 2009 2:00:21 PM

God forgive we should get a break
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Champion Author Montreal

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Message Posted: Jul 5, 2009 1:59:09 PM


Huh! Surprise surprise. In the free business world, I didn't think price fixing was allowed. The courts are involved in this? Where is my consumer protection!
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All-Star Author Tampa

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Message Posted: Jul 5, 2009 1:56:47 PM

Like all things government does, it does not apply to us working stiffs. Only the government.
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Champion Author Seattle

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Message Posted: Jul 5, 2009 1:53:18 PM

If the government can get a rate what wrong with the public getting the same rate.
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Message Posted: Jul 5, 2009 1:52:41 PM

Obama may just fire him. Just look at all the auto dealers and their workers have been fired.
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All-Star Author Long Island

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Message Posted: Jul 5, 2009 1:44:04 PM

Not good when courts start dictating prices.
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Champion Author Toledo

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Message Posted: Jul 5, 2009 1:41:20 PM

greed greed greed
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Champion Author Albuquerque

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Message Posted: Jul 5, 2009 1:41:01 PM

"everyone wants more money so see OBAMA he is the controller of the usa money "

The Wizard of Ob...............
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