Reliance Discovers Gas Off India's Orissa State

A consortium of India's Reliance Industries Ltd. and Canadian gas explorer Niko Resources Ltd. has discovered natural gas off the southeastern state of Orissa, reports Business Standard, quoting sources from Reliance.

The reserves are expected to be large, but smaller than the consortium's discovery of 14 trillion cubic feet of gas in the Krishna Godavari basin off India's eastern coast in 2002, says the report.

The report said a spokesperson from Reliance declined to confirm or deny the news, adding the company may be planning to carry out several tests before making an announcement.