On Wednesday, Reliance Industries Limited (RIL) and two foreign firms announced their intention to seek mediation from the Government of India regarding the gas migration dispute in the Krishna-Godavari basin. This announcement was made during a hearing at the Supreme Court, where the firms urged the court to pause proceedings until mediation efforts are completed. The Supreme Court, led by Chief Justice Surya Kant, declined to halt the hearing but indicated that it would consider the mediation results if they are successful. The ongoing dispute stems from a Delhi High Court ruling that overturned an arbitral award favoring RIL and its partners, BP Exploration (Alpha) Limited and Niko (NECO) Limited. This ruling was challenged by the firms after an international arbitration tribunal had previously dismissed the Indian government's claim of USD 1.55 billion for alleged unauthorized gas extraction. Instead, the tribunal awarded USD 8.3 million in compensation to the firms, highlighting the contentious nature of the dispute.