05:52 AM EDT, 05/20/2025 (MT Newswires) -- BW LPG ( BWLP ) said Tuesday it ceased its investment in a planned liquefied petroleum gas onshore import terminal in Navi Mumbai, India, in light of market uncertainties.

The project, which aimed to develop a cryogenic LPG storage facility, represents a $10 million investment for the company.

Other partners in the joint venture include Confidence Petroleum India, and Ganesh Benzoplast, the company said.