Reliance Industries has pushed back against a Reuters report that linked the company and partner BP to a potential Indian government compensation demand of more than $30 billion, stating that “there was no claim” of that size against the two companies.

Reuters had earlier reported—citing people familiar with the matter—that India is seeking over $30 billion in an arbitration connected to offshore natural gas volumes the government says were not produced from fields operated under a production-sharing framework.

In its response carried by Reuters, Reliance Industries described the report as “factually incorrect”. They said the issues referenced are “sub judice,” meaning they remain under judicial consideration and will be decided through India’s legal system.

The Reuters exclusive said a three-member tribunal has been hearing the dispute since 2016 and is expected to issue a decision in mid-2026.

For maritime and offshore stakeholders, the case is being watched because it sits at the intersection of deepwater field performance, contractual obligations under production-sharing terms, and the risk of large retrospective claims tied to reservoir outcomes.

Source: Reuters