Exhibit 99.1

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Dorian LPG Ltd. Announces Extension of and Increase to Share Repurchase Program

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Stamford, CT –January 5, 2021– Dorian LPG Ltd. (NYSE: LPG) (the “Company,” “Dorian LPG,” “we,” and “our”), a leading owner and operator of modern very large gas carriers (“VLGCs”), today announced the approval by its Board of Directors of an extension of and an increase to the remaining authorization under its $100 million share repurchase program, which was set to expire on December 31, 2020 and had approximately $40 million remaining of unused authority.  Following this Board action, which was effective December 29, 2020, the Company is now authorized to repurchase up to $50 million of its common shares through December 31, 2021 under its share repurchase program (its “Common Share Repurchase Program”).

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The extent to which the Company repurchases its shares, and the timing of such repurchases, will depend upon a variety of factors, including market conditions and other corporate considerations, as determined by the Company’s management team. The Company expects to finance the additional repurchases with existing liquidity. The Company is not obligated to make any common share repurchases under its Common Share Repurchase Program.

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About Dorian LPG Ltd.

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Dorian LPG is a liquefied petroleum gas shipping company and a leading owner and operator of modern VLGCs. Dorian LPG’s fleet currently consists of twenty-four modern VLGCs. Dorian LPG has offices in Stamford, Connecticut, USA; London, United Kingdom; Copenhagen, Denmark; and Athens, Greece.

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Forward-Looking Statements

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This press release contains "forward-looking statements." Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "projects," "forecasts," "may," "will," "should" and similar expressions are forward-looking statements. These statements are not historical facts but instead represent only the Company's current expectations and observations regarding future results, many of which, by their nature are inherently uncertain and outside of the Company's control. Where the Company expresses an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis.  However, the Company’s forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by those forward-looking statements. The Company’s actual results may differ, possibly materially, from those anticipated in these forward-looking statements as a result of certain factors, including changes in the Company’s financial resources and operational capabilities and as a result of certain other factors listed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. For more information about risks and uncertainties associated with Dorian LPG’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Dorian LPG’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. The Company does not assume any obligation to update the information contained in this press release.

Contact Information

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Ted Young; Chief Financial Officer: Tel.: +1 (203) 674-9900 or IR@dorianlpg.com

Source: Dorian LPG Ltd.

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