BW LPG and Confidence Petroleum Forge Alliance to Revolutionize LPG Infrastructure and Downstream Operations in India

 

Mumbai: In a significant development, "BW Energy" and "Confidence Petroleum India Limited" have joined forces, aligning their business objectives to strengthen LPG infrastructure and downstream operations across India.
 
The establishment of 'BW Confidence' marks a pivotal moment—a symbol of investment and expansion within the private sector. This partnership not only pledges to revamp downstream LPG storage and distribution but also presents an opportunity to streamline the entire spectrum of associated LPG business processes.
 
Chairman of Confidence Group, Shri. Nitin Khara, expressed his enthusiasm, stating, "We are delighted to announce this strategic joint venture with ‘BW LPG’ and investment in ‘Confidence Petroleum’. This collaboration represents a significant milestone for Confidence Petroleum as we reinforce our position in India's growing LPG market. We anticipate a fruitful partnership that will generate value for our stakeholders and promote mutual success".
 
Mr. Iver Baatvik, Vice President & Head of Corporate Development at BW LPG, remarked, "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 poised to accelerate growth trajectories for both parties".