Reliance introduces anti-bribery, anti-money laundering clauses in gas sales pacts

1

September 12 2019

Reliance Industries has introduced anti-bribery and anti-money laundering clauses in the sales agreements it intends to sign with potential users of newer gas from KG-D6 block in the Bay of Bengal.

In the offer document seeking bids for 5 million standard cubic meters per day of natural gas to be produced from R-Series fields in the block from mid-2020, Reliance and its partner BP plc have provided a draft of the Gas Sales and Purchase Agreement (GSPA) to be signed by potential buyers.