Petronet to Get $150 mn ADB Loan to Expand Dahej LNG Terminal

Petronet LNG will get a $150 million loan from the Asian Development Bank (ADB) to boost capacity of its Dahej LNG terminal 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 metric tons per annum (mmtpa) from the current 10 mmtpa, will help meet demand for compressed natural gas for transportation, piped gas to households, fuel for gas power plants, and feedstock for fertilizer plants, mostly in north and west India, ADB said in a statement.

Petronet commissioned the Dahej facility with 5 million tonnes per annum capacity in 2004 and doubled the capacity to 10 mt in 2009. It is now expanding it further to 15 million tonnes per annum.

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