RIL to Invest $5.1 bn in US Shale Assets

India's Reliance Industries Ltd (RIL) has plans to invest about $5.1 billion in its US shale gas business in the next three years.

The company has already invested close to $5.7 billion in the business since it acquired these assets in 2010, according to a Business Standard report.  

RIL expects shale gas to contribute 8-10 per cent to consolidated earnings before interest, tax, depreciation and amortisation in 2014-15, Business Standard said.

On the domestic front, the company has told analysts it will commence development on coalbed methane (CBM) blocks and the R-series in the eastern offshore KG Basin block after a final approval on the gas price hike, the financial daily reported.