5 June, 2026 15:38:45 IST 
BW LPG, the world’s leading owner and operator of LPG vessels based in Singapore, said it has completed the sale of its 8.50% equity stake in Confidence Petroleum India Ltd. (CPIL), marking a full exit from the company and the conclusion of its infrastructure partnerships in India.
The divestment follows BW LPG’s announcement in May 2025 of its decision to cease investment in infrastructure. The stake in CPIL was classified as an equity investment, with all fair value changes recognised prior to the sale; the transaction accordingly has no impact on the company’s profit or loss or total equity.
Mr. Kristian Sørensen, CEO of BW LPG, said CPIL had played a meaningful role in supporting LPG infrastructure and distribution development in India, and expressed confidence in the company’s prospects under its current management.
Last year, BW LPG had withdrawn from a planned cryogenic LPG storage facility at Jawaharlal Nehru Port Association (JNPA) in Navi Mumbai — a joint venture with CPIL and Ganesh Benzoplast in which it had committed around $10-mn. The company cited heightened market uncertainties and a strategic shift toward its core shipping and trading operations as reasons for the withdrawal. CPIL similarly exited the JNPA project, refocusing on its core segments including auto LPG, packaged LPG, CNG retailing and LPG bottling.
BW LPG is associated with BW Group, a leading global energy and maritime company involved in shipping, deepwater oil & gas production, renewable energy and digital infrastructure.
