Confidence Petroleum spurts after 50:50 JV with Norway's BW LPG
Mumbai, Feb. 19 -- The collaboration aims to strengthen LPG terminal infrastructure and downstream operations across India.
BW LPG, known as the world's largest owner and operator of Very Large Gas Carriers (VLGC), has a significant presence in global LPG shipping and trading. Its Indian subsidiary, BW LPG India, is a key player in India's LPG imports and time-charter market.
As part of the collaboration, BW LPG has made substantial investments in Confidence Petroleum and established a joint venture named "BW Confidence Enterprise" ("BW Confidence"). The joint venture aims to invest in onshore LPG import infrastructures in India, with an initiated project in Mumbai to develop one of India's largest cryogenic LPG storage facilities and p...
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