Niels Rigault Steps Down as EVP (Commercial)

(9 January 2024)

BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code: “BWLPG.OL”) announces today that Niels Rigault, Executive Vice President (Commercial), is stepping down as Head of Commercial of BW LPG and will leave the Company after handing his portfolio over to Kristian Sørensen, Chief Executive Officer (CEO). The latter will manage the role of Head of Commercial in the interim and Mr Rigault will be available for the company to ensure a proper handover during the transition.

Says Mr Sørensen, “On behalf of all my colleagues, I would like to thank Niels for his dedication and hard work over seven years to develop and renew BW LPG’s shipping fleet, move the company into LPG trading and lately infrastructure investments. We wish him the best of luck in his future endeavours.”

Says Mr Rigault, “It has been a great time with BW LPG, and I would like to take the opportunity to thank all colleagues, clients and business partners for their support over many years.”

For further information, please contact:

Kristian Sørensen
Chief Executive Officer

Samantha Xu
Chief Financial Officer

About BW LPG

BW LPG is the world’s leading owner and operator of LPG vessels, owning and operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over 3 million CBM. With five decades of operating experience in LPG shipping and experienced seafarers and staff, BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at

BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of over 490 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in solar, wind, batteries, biofuels and water treatment.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.