BW LPG Shifts Gears: Exits JNPA Terminal Project

BW LPG has announced its decision to withdraw from the planned onshore LPG import terminal at Jawaharlal Nehru Port Authority (JNPA) in Navi Mumbai. The project, developed through the joint venture BW Confidence Enterprise Private Limited—alongside Confidence Petroleum India and Ganesh Benzoplast—was intended to establish a cryogenic LPG storage facility, with BW LPG contributing approximately USD 10 million.

This strategic shift reflects BW LPG’s decision to refocus on its core competencies in LPG shipping and trading, while stepping back from infrastructure investments to optimize resource allocation and enhance operational flexibility.

News by Rahul Yelligetti.