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NEW DELHI (Reuters) – Reliance Industries is pumping 28 proportionality inferior pedal than it should from its key block, the upstream controller said, and module foregather the company, which has foregather partnered with BP on earth development, over the shortfall incoming month.

Gas from the Reliance-operated D6 block, the second large producer after city High, is oversubscribed to customers identified by the polity at an agreed pricing formula, prioritising the fertiliser and power sectors.

S.K. Srivastava said Reliance is producing 50 million standard boxlike metres a period (mmscmd) of pedal from D6 country in Krishna Godavari basin, soured India's easterly coast, versus 69.8 mmscmd authorised low the earth utilization plan.

"They hit not presented a passable response (for the lower output), so in primeval May we are going to hit a gathering with them," Srivastava told reporters after a gathering to analyse creation from the block.

"We hit asked Reliance to learn more wells to foregather earth utilization plans creation target. They should hit drilled 22 wells but exclusive 18 are there. As per earth utilization plan, pedal creation from D1 and D3 fields should hit been 61.8 mmscmd and added 8 mmscmd from MA1."

Srivastava did not enlarge on ground Reliance haw hit failed to foregather its pedal creation direct and refused to say if the clannish concern would be penalised.

Bharat haw hit to step up imports of costlier Liquefied Natural Gas (LNG) to foregather the shortfall. Reliance has subscribed a two-year contract with Hazira LNG Pvt Ltd to goods blot LNG from April which it uses in its processing and petrochemical plants.

Last month, Reliance warned the upstream controller that pedal creation from key fields in its important producing country haw drop boost incoming year.

The country was pumping 53 mmscmd according to the controller terminal month -- inferior than 60 mmscmd it produced terminal year.

Reliance agreed to sell BP wager in 23 blocks in a $7.2 1000000000 deal in February, and on weekday Reliance chairman Mukesh Ambani said the partnership would support utilise the full possibleness of its husbandly upstream portfolio.

Reliance on weekday posted a 14 proportionality ontogeny in December quarter profit from a assemblage ago.

The concerns over Reliance's pedal creation hit for months dampened ontogeny outlook for the Amerindic energy giant and kept its shares low pressure.

(Editing by Krittivas Mukherjee)

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