Explanation:

Prime Minister Narendra Modi will dedicate the Kochi - Mangaluru Natural Gas Pipeline to the nation on 5th January 2021.

• The 450 km long pipeline has been built by GAIL (India) Ltd.
• It has transportation capacity of 12 Million Metric Standard Cubic Metres per day.
• It will carry natural gas from the Liquefied Natural Gas (LNG) Regasification Terminal at Kochi (Kerala) to Mangaluru (Dakshina Kannada district, Karnataka), while passing through Ernakulam, Thrissur, Palakkad, Malappuram, Kozhikode, Kannur and Kasaragod districts.
• Laying of the pipeline was an engineering challenge as the route of the pipeline necessitated it to cross water bodies at more than 100 locations. This was done through a special technique called Horizontal Directional Drilling method.

Significance

• The event marks an important milestone towards the creation of ‘One Nation One Gas Grid'.
• The pipeline will supply environment friendly and affordable fuel in the form of Piped Natural Gas (PNG) to households and Compressed Natural Gas (CNG) to the transportation sector.
• It will also supply Natural Gas to commercial and industrial units across the districts along the pipeline. Consumption of cleaner fuel will help in improving air quality by curbing air pollution.

Hence both statements are correct.