In collaboration with Confidence Petroleum India Ltd. and Ganesh Benzoplast Ltd., BW LPG Ltd. will begin test piling in February on the largest liquefied petroleum gas (LPG) onshore import facility at Jawaharlal Nehru Port (JNP). The building of the 120,000 cubic meter (cbm) capacity terminal for handling and storing butane and propane will be financed by a joint venture, of which BW Confidence Enterprise Pvt Ltd would hold 55% and Ganesh Benzoplast Ltd will own 45%.
In addition to having the capacity to connect to the Uran Chakan pipeline to guarantee a competitive and effective supply of LPG into India, the facility will be able to completely offload the newest fourth-generation Very Large Gas Carriers (93,000 cbm) in a single discharge operation within 24 hours. The partnership will import LPG using the JN Port LPG jetty operated by the Bharat Petroleum Corporation Ltd. (BPCL).
BW LPG and Confidence Petroleum India established BW Confidence Enterprise Pvt Ltd as an equal joint venture to investigate investment prospects in onshore LPG import infrastructure. To fulfill Confidence Petroleum’s and India’s expanding LPG import demands, the JV will work with BW LPG’s trading division and its India subsidiary, BW Product Services and BW LPG India, respectively, to source and deliver LPG from the global markets. Confidence Petroleum is now the biggest private company in auto gas and LPG bottling plants in India, operating 68 LPG bottling and blending facilities as well as roughly 287 auto LPG distribution outlets. Over the next years, Confidence Petroleum intends to expand the number of car LPG distribution stations to roughly 500.
One of the leading suppliers of liquid storage facilities in India, Ganesh Benzoplast has three ports and a combined tankage capacity of 3.3 lakh kilolitres. In the Mumbai area, it is the biggest logistical service provider for liquid goods.
BW LPG India, a subsidiary of BW LPG, is the largest owner and operator of Very Large Gas Carriers (VLGCs), which operates a fleet of eight LPG carriers. Through a preferential allocation of equity shares, BW LPG invested about $30 million in Confidence Petroleum in 2024. This amounted to 8.50 percent of Confidence Petroleum’s issued and paid-up share capital on a fully diluted basis. According to the agreement, BW LPG may also increase its ownership of Confidence Petroleum. Separately, it committed to spending roughly $10 million to work together to build and run a new onshore LPG import facility at JN Port.
