Petronet LNG Gets ADB Loan for Dahej Expansion

The Asian Development Bank (ADB) said it will provide a $150 million loan to Petronet LNG to increase the capacity of the company’s Dahej LNG terminal in Gujarat state in India to help reduce the unmet energy demand in the country, which has been one of the major constraints for efficient economic growth.

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.

The additional supply will translate to a reduction in the emission of around 3.15 million tons of carbon dioxide every year.

ADB helped finance Petronet LNG’s first terminal through an equity investment in January 2004. It also financed the first expansion by providing a loan syndicated through a partial credit guarantee from a German development agency.

LNG World News Staff, December 17, 2013; Image: Petronet LNG

Share this article

Follow LNG World News

One thought on “Petronet LNG Gets ADB Loan for Dahej Expansion”

Comments are closed.

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >