Reliance Industries has zeroed in on three shale gas assets in the United States, sources told CNBC-TV18's Nayantara Rai.
Sources say India's largest private sector refiner is in advanced stage of due diligence for one shale gas asset. RIL is keen on a 40-50% stake in this shale gas asset.
The deal size is likely to be between USD 1 billion and USD 2 billion. The shale gas asset belongs to an unlisted company.
According to sources, PMS Prasad, Executive Director, Reliance Industries, discussed the deal in the US last week. When contacted, RIL declined to comment on this story.
