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making a power move on climate change

LPG IN INDIA

Meeting growing demand with decades of operating experience

An opportunity to do good while doing well

In India, indoor pollution from cooking with biomass is estimated to cause about 1.1 million deaths per year1 . In response, the government of India has launched a program to bring LPG access to 80 million households below the poverty line. Through our Indian Joint Venture (JV), BW Global United LPG India, we are increasing LPG imports into India to support the transition to cleaner burning energy. When LPG replaces dangerous sources of traditional fuels, it directly saves lives.

LPG DEMAND GROWTH IN INDIA IS SUPPORTED BY LONG-TERM TRENDS

  • India is projected to become the most populous country in the world by 2027

  • Achieved a sharp reduction in extreme poverty2

  • Increasing grid connectivity to improve living standards

An increasingly important market for LPG

India is the world’s second largest importer of LPG, and long-term trends are expected to support growing domestic demand.

Imports of LPG grew 12.5% over the past five years to 12 million metric tonnes in 2018-19, and are projected to rise 34% from 2014 to 2025. LPG growth is driven primarily by increased retail demand and strong government support for LPG consumption. Investments in import infrastructure and biomass displacement also support demand.

LPG demand in the residential sector is expected to increase at a cumulative annual growth rate (CAGR) of 3.3%, reaching 34 million tonnes in 2030 as households’ dependence on traditional biomass diminishes in the long run, supported by rising average household income, increasing urbanisation, and government schemes to help families switch from traditional biomass to LPG.

A leading role in the Indian growth story

In the three years since inception in July 2017, BW LPG’s JV has increased its fleet to five vessels, becoming India’s largest owner and operator of VLGCs. The VLGCs are maintained to world class standards and are positioned to support the growing Middle East- India time charter market.

BW Global United LPG India offers customers in India the assurance of over 50 years of operating experience, access to a large pool of experienced employees with extensive industry experience, a strong brand and industry-leading customer relations.

SOLID CONTRACT COVERAGE

INDIAN CONTRACTS WITH STATE-OWNED OIL REFINERS
Vessel name Built Size (CBM) Builder Country Yard Indian Flag Indian TC
BW Birch 2007 82,291 Hyundai HI KR
BW Energy 2007 82,291 Hyundai HI KR
BW Boss 2002 82,200 Kawasaki HI JP
BW Cedar 2001 84,333 Kawasaki HI JP
BW Elm 2007 80,645 Hyundai HI KR

Supporting the Supply Side with our Strengths

Towards a better world with LPG

At the core of our sustainability approach is the purpose of our Company – where we work towards a Better World. We want to take the lead in transitioning the world towards cleaner energy, and in the process be a trusted, transparent, and reliable partner for our stakeholders. It is in India where we can showcase how energy can be used to uplift communities, and how companies can do good while doing well.

Making Lives Better With LPG

LPG Saves Lives

    • 4.3 million people die from cooking-related indoor air pollution globally every year
    • More people die from this illness than from Malaria, HIV/AIDS and Tuberculosis combined.
    • 51% of the 2.1 billion people in India and China still use solid fuels for cooking
    • India uses wood fuel more than any other country

LPG Makes Sense

    • Gas is nature’s cleanest fossil fuel, generating the lowest CO2 emissions per unit of energy
    • LPG is economical. It contains higher calorific value per unit than other commonly used fuels
    • LPG is portable, and can be stored and transported easily in containers adapted to local market requirements