Current Affairs - Business - Discussion

Mukesh Ambani's Reliance Gas Transportation Infrastructure Ltd. has won oil regulator Petroleum and Natural Gas Regulatory Board's (PNGRB) approval for selling its loss-making east-west natural gas pipeline to Canadian investor Brookfield. A decade back Brookfield built a 1,400-km pipeline from Kakinada to Bharuch to transport natural gas discovered in a KG basin block operated by Reliance Industries. The pipeline has a capacity to transport 80 million standard cubic metres per day of natural gas and is currently operating at less than 5% of its capacity as output from KG-D6 block of RIL.