ADB to Help Fund Petronet Expansion
According to reports, Asian Development Bank has signed an agreement to offer $169 million in local currency debt to India's Petronet LNG Ltd. to help fund its expansion.
Earlier this week, International Finance Corp. and other banks offered $300m loans to help Petronet build a liquefied natural gas import-and-regassification terminal in southern India.
Petronet LNG has a similar facility in Dahej in the western state of Gujarat. (Source: Reuters)