MJ project gets approval; RIL, BP to invest Rs 35,000 cr in KG basin

Gas production from KG D6 integrated development is expected to help reduce India's import dependence

Mukesh Ambani-led Reliance Industries (RIL) and its partner BP Plc on Tuesday announced the sanction of the MJ project in the KG D6 block off the east coast of India. The three new projects by these companies are expected to get investments to the tune of Rs 35,000 crore.

MJ (also known as D55) is the third of the three new projects in the Block KG D6 integrated development plan. Its approval follows sanctions for the development of “R-Series” deep-water gas fields in June 2017 and for the Satellites cluster in April 2018.

The three projects are together expected to