BW LPG has announced its decision to cease investment in the planned LPG onshore import terminal at Jawaharlal Nehru Port Association (JNPA) in Navi Mumbai.
The project was being developed through a joint venture, BW Confidence Enterprise Private Limited, in partnership with Confidence Petroleum India and Ganesh Benzoplast. It aimed to establish a cryogenic LPG storage facility, with BW LPG committing approx. USD 10 million to the initiative. BW LPG has decided to refocus on its core business areas—LPG shipping and trading—while scaling back involvement in infrastructure projects.
The decision to withdraw from the JNPA terminal project is a strategic move to ensure efficient resource allocation and operational flexibility.