 "Reliance Industries")
With shale gas business becoming uneconomical due to low crude oil prices, India’s largest private sector firm, Reliance Industries (RIL) has said it would sell its remaining shale gas assets in the United States — if any company makes it an “attractive offer”. The Mukesh Ambani-led company has invested almost $9 billion in US since 2010.
During interaction with analysts after its September quarter results on Friday, RIL’s Joint Chief Financial Officer Srikanth Venkatachari said the company was not a distress seller of its shale gas assets and at the same time is not looking to acquire any more assets.
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