New Delhi, Aug 19 - The ministerial panel set up to decide on the government's stand on the Krishna-Godavari gas row, will meet again Thursday after an informal round of talks here Wednesday.

The high-level panel, consisting of Finance Minister Pranab Mukherjee, Petroleum Minister Murli Deora, Law Minister Veerappa Moily and Power Minister Sushilkumar Shinde, met 'informally', according to sources.

With no decision being reached Wednesday, the ministerial panel is likely to meet again Thursday.

Prime Minister Manmohan Singh had formed the panel to coordinate the government's legal stand over two overlapping disputes - supply of gas by Mukesh Ambani-headed Reliance Industries to Anil Ambani's Reliance Natural Resources, being heard in the Supreme Court, and between Reliance Industries and state-run power utility NTPC, which is being adjudicated in the Bombay High Court.

The panel also took the view that an elaborate guideline for the use of natural gas among various sectoral claimants is already in place and a future course of action should be built upon the same.