RIL gas may not flow into market by June
The empowered group of ministers (eGoM) likely approval of Reliance Industries (RIL) gas formula may be a big step forward in the resolution of the pricing controversy, but it may not be enough to get the gas flowing into the market by June 2008.
RIL will need to enter into legally-tenable gas sales contracts with its customers before it can begin its countdown towards production of gas from the Krishna Godavari region.