Mumbai, India – Reliance Industries Ltd. (RIL) successfully maintained near-full refinery throughput and ensured continuous energy supplies despite significant disruptions stemming from the West Asia conflict, Director Anant Ambani confirmed at the company's 49th Annual General Meeting (AGM) on June 19, 2026.
Ambani highlighted RIL's strategic response to global volatility, stating that "agile logistics and diversified sourcing strategies" were critical in navigating fluctuating crude and product markets. The company managed to sustain operational continuity even in the face of increased freight costs, elevated insurance premiums, and challenges to physical trade flows.
Beyond refining, Reliance also played a crucial role in bolstering India's domestic energy security. During periods of LNG supply disruption caused by the conflict, the company escalated its LPG supply nearly fourfold to meet national needs and rerouted domestic gas to priority sectors.
Upstream Business Contributes to Energy Security
Addressing RIL's upstream operations, Ambani detailed the company's substantial contribution to India's energy landscape. Gas production reached approximately 26 million standard cubic meters per day (mmscmd), accounting for about 30% of India's total natural gas output. Oil production stood at around 18,000 barrels per day. He also noted strong progress in the coal bed methane (CBM) business, driven by advancements in multi-lateral well technology.
Future Outlook: Expanding Exploration and Production
Looking ahead, Ambani reaffirmed Reliance's commitment to strengthening India's energy ecosystem. He emphasized the company's ongoing focus on expanding its exploration and production (E&P) portfolio, underscoring a continuous pursuit of new opportunities amidst evolving global challenges.