Petronet LNG is planning to increase the capacity of its terminal in Gujarat to help reduce the unmet energy demand in the country, which has been one of the major constraints for efficient economic growth. In this regard, the company will take loan of $150 million from the Asian Development Bank (ADB).
The expanded terminal will help India to move toward its target of greater natural gas use, thereby enhancing its energy security and shifting to cleaner forms of energy.
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.
