RIL has already invested 6.1 billion (Rs. 38,674 crore) in acquiring shale gas assets in the US and plans to invest another 4 billion (Rs. 25,360 crore) in the next three years.The company's shale gas operations have significantly contributed to its FY13 revenues and are likely to add sustainable revenues going ahead as well.These shale gas operations reached record revenues and operating profit of US$ 616 million and US$ 483 million in FY13.
Mr. Prasad added, "The investment of $10 billion is what the company has already committed. We will be investing more money as we continue to look for more acquisition opportunities in the fertiliser, refining, petrochemicals and power space. The only condition is that opportunity has to be good in terms of returns to the company." Talking about the company's strategy to utilise the shale gas produced out of its assets in the US, Prasad said RIL would rather set up a gas-based fertiliser, petrochemicals or power plant in the US and bring home the end products than first convert the cheap shale gas into costlier LNG and ship the same to India.
RIL's share of natural gas output from its US shale gas operations has reached over 11 million standard cubic metres per day (mmscmd) against 14 mmscmd from the KG-D6 fields.