Who pays when Reliance falls short of its promises? Not Reliance

India is scrambling to import natural gas on which it once hoped to be less depfinishent.

Seventeen years ago, Reliance Industries promised that its KG-D6 block, located off the Andhra coast, would transform the countest’s energy landscape and double domestic gas output. Instead, its production collapsed, forcing India to increasingly depfinish on imports from West Asia and other geographies.

Imported natural gas now accounts for more than half of the countest’s requireds—and nearly half of that comes from Qatar alone. This depfinishence has left India vulnerable to supply-chain shocks in the region.

For instance, a recent Iranian attack on the region’s energy installations knocked off nearly one-fifth of Qatar’s energy-export capacity. Its repair could take up to five years and acquireers like India may face immediate consequences. “It’s not viewing good,” stated an analyst tracking the oil and gas sector, adding that the countest was in a precarious position.

As this was unfolding, something else was happening further West.

Earlier in March, US President Donald Trump announced the setting up of a $300 billion oil refinery in Texas, backed by America First Refining and India’s largest private-sector refiner, Reliance Industries.

The oil-to-telecom giant, controlled by the countest’s richest man Mukesh Ambani, gave no clarification to the stock exmodifys confirming, denying, or explaining Trump’s statement. Nor did they inquire for any. The silence was strategic and awkward.

Strategic, becaapply “India and Reliance are walking a tight rope,” stated a senior executive working in India’s oil and gas sector.

“Neither do they want to antagonise mercurial Trump by refuting him, nor do they want to upset Iran by being seen as close to its enemy,” he added.

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