By: ICN Bureau
Last updated : November 30, 2023 5:35 pm
This project will be the largest-capacity cryogenic LPG storage terminal facilities at JNPT Port
BW Confidence Enterprise Private Limited (BW Confidence), a 50:50 JV of Confidence Petroleum India & BW VLGC Pet Limited, and Ganesh Benzoplast Limited have signed an agreement to develop and operate an onshore LPG import terminal at Jawaharlal Nehru Port Trust (JNPT) Port in Mumbai, India.
This terminal will be capable of fully offloading the latest fourth generation Very Large Gas Carriers (93,000 cbm) in a single discharge operation and will also have the potential to connect to the Uran Chakan cross-country pipeline to ensure competitive and efficient supply of LPG for the Indian hinterlands market.
When completed, this project will be the largest-capacity cryogenic LPG storage terminal facilities at JNPT Port.
Niels Rigault, Executive Vice President (BW LPG) and Chairman of the Board (BW LPG India), says: "BW LPG is delighted to reaffirm our commitment to India and enhance our ability to bring LPG into the country. Through our subsidiary BW LPG India, we are India's largest owner and operator of Very Large Gas Carriers. Today, we are advancing our growth trajectory in India with a significant investment on shore-side LPG infrastructure as well. We look forward to building on our existing relationships with all customers and stakeholders."
Nitin Khara, Chairman of Confidence Group, adds: "At Confidence, we continue to align our LPG business aspirations with the Government's Pradhan Mantri Ujjwala Yojana schemei. With this investment, we strengthen India's energy infrastructure, and ensure we can meet rising demand for green fuel. BW Confidence is proud to contribute towards fostering progress and creating new opportunities for the people of India."
Rishi Pilani, Chairman and Managing Director, Ganesh Benzoplast, says: "With this strategic investment, Ganesh Benzoplast is pleased to be building tomorrow's terminal, today. We look forward to expanding our presence in Mumbai with future-ready infrastructural developments that complement our current capacity, and which will further ensure a reliable and efficient supply of LPG in Mumbai and the Indian hinterlands."