To enable Petronet LNG to increase its terminal capacity in Gujarat, the Asian Development Bank (ADB) is to provide a $150 million loan. ADB said that the expanded terminal will help India move towards its target of greater natural gas use and enhancing its energy security and shifting to cleaner forms of energy.
ADB said that the additional gas supply will translate to a reduction in the emission of around 3.15 million tonne of carbon dioxide every year. The terminal enhancement project will increase the supply of natural gas to 15 million tonne annually (mtpa) from the current 10 mtpa – will help meet demand for compressed natural gas for transportation, piped gas to households, fuel for gas power plants, and feedstock for fertiliser plants, mostly in the North and West.
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