Mumbai, 20 February 2024: In a monumental development, BW Energy and Confidence Petroleum India Limited have united forces, aligning their business goals to bolster LPG infrastructure and downstream operations across India.
The birth of BW Confidence signifies a pivotal shift—a beacon of investment and growth within the private sector. This collaboration not only promises to overhaul downstream LPG storage and distribution but also presents an opportunity to streamline the entire spectrum of associated LPG business processes.
Shri Nitin Khara, Chairman of Confidence Group, expressed, “We are thrilled to announce this strategic joint venture with BW LPG and investment in Confidence Petroleum. This collaboration marks a significant milestone for Confidence Petroleum as we fortify our position in India’s burgeoning LPG market. We anticipate a fruitful partnership that will drive value for our stakeholders and foster mutual success.”
Mr. Niels Rigault, Executive Vice President Commercial and Chairman of the Board of BW LPG India, added, “Confidence boasts a formidable presence in the domestic LPG industry, while BW LPG possesses a robust global shipping and trading footprint. The synergy between Confidence’s local strength and BW LPG’s international presence is a catalyst to accelerate growth trajectories for both parties.”