{"id":275871,"date":"2019-05-23T07:11:57","date_gmt":"2019-05-23T07:11:57","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=275871"},"modified":"2019-05-23T07:17:14","modified_gmt":"2019-05-23T07:17:14","slug":"govt-stops-issuing-reliance-bp-penalty-notices-for-kg-d6-gas-output-shortfall","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-stops-issuing-reliance-bp-penalty-notices-for-kg-d6-gas-output-shortfall\/","title":{"rendered":"Govt stops issuing Reliance-BP penalty notices for KG-D6 gas output shortfall"},"content":{"rendered":"<p>The Government has stopped issuing penalties on Reliance Industries and its partner BP plc for natural gas production from eastern offshore KG-D6 fields not matching the targets after the matter went into arbitration, according to an RTI reply by the DGH and sources. <\/p>\n<p>While a challenge by Reliance-BP to the imposition of penalties in the form of disallowance of recovery of a part of the cost of incurred on the fields led to the Government stopping issuing notices after 2016, a similar arbitration proceeding had not prevented it from selling shares, seizing dividends and confiscating tax refunds \u2014 totalling about $1 billion, to recover retrospective tax dues from Cairn Energy Plc of UK.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Government has stopped issuing penalties on Reliance Industries and its partner BP plc for natural gas production from eastern offshore KG-D6 fields not matching the targets after the matter went into arbitration, according to an RTI reply by the DGH and sources. While a challenge by Reliance-BP to the imposition of penalties in the form of disallowance of recovery of a part of the cost of incurred on the fields led to the Government stopping issuing notices after 2016, a similar arbitration proceeding had not prevented it from selling shares, seizing dividends and confiscating tax refunds \u2014 totalling about [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,211,144],"tags":[],"class_list":["post-275871","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/275871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=275871"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/275871\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=275871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=275871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=275871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}