A $400 million loan is aimed at helping Indonesia, until recently a member of OPEC, meet its growing demand for energy, the Asian Development Bank said. A net oil importer, Indonesia was suspended last month from OPEC less than a year after rejoining the production group. The suspension came as member states negotiated over an agreement to trim overall production starting in January. Libya and Nigeria were the only two member states exempt from the deal and Iran was allowed increases as it works to regain a market share lost to sanctions. The ADB said its loan would help expand the Tangguh liquefied natural gas facility in Indonesia so the country was in a better position to meet its energy needs. “Expanding the Tangguh LNG facility is crucial for Indonesia to meet its increasing energy demand,” Christopher Thieme, a deputy director General for the […]