May 22, 2025 [Business Wire]- BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code: “BWLP”) has announced its cessation of its investment in the planned LPG onshore import terminal at Jawaharlal Nehru Port Association (JNPA) in Navi Mumbai, India.

The project, initiated through a partnership agreement with BW Confidence Enterprise Private Limited (“BW Confidence”), a joint venture that BW LPG entered into with Confidence Petroleum India Ltd. (NSE/BSE code: “CONFIPET”), and Ganesh Benzoplast Limited (“Ganesh Benzoplast”, NSE Code: “GANESHBE”, BSE Code: 500153”) aimed to develop a cryogenic LPG storage facility at JNPA, with a BW LPG investment of approximately USD 10 million.

In light of ongoing and heightened market uncertainties influencing the global business landscape, the BW LPG management has decided to strengthen its strategic focus on the company’s core value drivers—shipping and trading. Consequently, the company will scale back activities within its infrastructure segment to ensure optimal resource allocation and maintain operational agility. As a result, the Company has made a strategic decision to cease the investment in the onshore LPG import terminal at JNPA and discontinue its involvement in the terminal’s development.

Kristian Sørensen, CEO at BW LPG, states, “We are deeply grateful to our partners in India for their commitment and collaboration throughout the project’s planning phase. This decision was not made lightly but reflects a realignment of our business priorities in a changing environment. India remains a vital market for BW LPG, and we continue to support its energy transition through other strategic initiatives.”

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