Confidence Petroleum India (CPIL) has formed a strategic alliance with BW LPG to strengthen LPG terminal infrastructure and downstream operations across India.

As part of the collaboration, BW LPG has made substantial investments in Confidence Petroleum and established a joint venture (JV) named BW Confidence Enterprise. The JV aims to invest in onshore LPG import infrastructures, with an initiated project in Mumbai to develop one of the largest cryogenic LPG storage facilities.

Further, BW LPG has invested USD 30 million in Confidence to support its capacity expansion in LPG downstream assets. CPIL envisions substantial future growth by expanding the current 68+ LPG bottling plant infrastructure to 100 and adding 500 auto LPG dispensing stations with 200 CNG stations within three years. These expansions are part of CPIL's plan to achieve a revenue of 10,000 crore in the next three years.

BW LPG has a significant presence in global LPG shipping and trading, and its Indian subsidiary, BW LPG India, is a key player in the country's LPG imports and time-charter market.