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The Asian Development Bank (ADB) will provide a $150 million loan to Petronet LNG Ltd to increase terminal capacity in Gujarat.
“The expanded terminal will help India move toward its target of greater natural gas use, thereby enhancing its energy security and shifting to cleaner forms of energy,” said Siddhartha Shah, Principal Investment Specialist at ADB’s Private Sector Operations Department.
The project — which 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 .
The additional supply will translate to a reduction in the emission of around 3.15 million tonne of carbon dioxide every year, the statement said.
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