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.
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