BW LPG Limited has entered into multiple agreements, including a joint venture (JV) with Confidence Petroleum India Limited, an investment in Confidence, and an investment for the development and operation of an LPG onshore import terminal in India. The JV, named "BW Confidence Enterprise Private Limited," will explore investment opportunities in onshore LPG import infrastructures in India. BW LPG will invest approximately $30 million in Confidence and around $10 million to jointly develop the new LPG terminal at Jawaharlal Nehru Port Association (JNPA) Port in Navi Mumbai. The terminal is expected to be operational in 2026. India is a significant market for LPG consumption, and the investments align with BW LPG's growth strategy in the country.

SOURCE: GOOGLE