LPG

LPG Market Outlook

The global liquefied petroleum gas (LPG) market is projected to reach approximately USD 275 billion by 2035, growing at a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2025 to 2035. This growth can be primarily attributed to the increasing demand for clean energy alternatives in residential, commercial, and industrial applications, coupled with the rising awareness about environmental sustainability. Additionally, the growing adoption of LPG as a fuel source in the transportation sector is further driving market expansion. The overall trend towards urbanization and industrialization, particularly in developing regions, is expected to propel the demand for LPG as a reliable and efficient energy source for households and businesses alike. Furthermore, advancements in LPG storage and transportation technologies are anticipated to enhance the market dynamics, facilitating broader accessibility to LPG solutions worldwide.

Growth Factor of the Market

Several factors are contributing to the growth of the LPG market, one of which is the global shift towards cleaner fuels that emit lower greenhouse gases compared to traditional fossil fuels like coal and diesel. LPG is viewed as a more versatile and environmentally friendly option, making it an attractive choice for governments and industries striving to meet carbon reduction targets. Additionally, advancements in LPG infrastructure and distribution networks are improving the availability and affordability of LPG, particularly in emerging markets. The rising trend of cooking with LPG instead of solid fuels in rural areas is also promoting healthier living conditions, highlighting the importance of LPG in public health and welfare. Furthermore, the increasing penetration of LPG in the automotive sector, especially with the growing number of autogas vehicles, is enhancing market prospects. Lastly, the recovery in economic activities post-pandemic, alongside rising disposable incomes, is expected to fuel demand for LPG in both residential and commercial applications.

Key Highlights of the Market

• Projected global market size of USD 275 billion by 2035.
• 4.5% CAGR anticipated from 2025 to 2035.
• Increasing demand for clean energy solutions across diverse applications.
• Technological advancements in LPG distribution and storage systems.
• Significant growth potential in emerging markets due to urbanization.

By Product Type

Propane:

Propane is one of the leading products in the LPG market, recognized for its versatility and efficiency as a fuel source. It is predominantly used for heating, cooking, and as an alternative fuel for vehicles. The versatility of propane allows it to be utilized in a variety of applications, ranging from residential heating systems to commercial cooking and even as a feedstock in industrial processes. Furthermore, the global push towards clean energy solutions enhances the attractiveness of propane, as it burns cleaner than other fossil fuels, resulting in lower emissions. Propane's availability in remote and rural areas, where piped gas may not be accessible, also contributes to its widespread adoption, making it a key player in the LPG market. The ongoing developments in propane extraction methods and the expansion of supply chains are expected to bolster its market share even further.

Butane:

Butane is another significant component of the LPG market, primarily utilized in the production of lighter fluid and as a fuel for heating and cooking. Butane's chemical properties make it particularly effective for portable gas stoves and lighters, appealing to outdoor enthusiasts and those in developing regions. Its high energy density also makes it suitable for blending with propane to enhance the performance of LPG mixtures. The demand for butane is projected to grow as more consumers seek reliable fuel sources for outdoor and recreational activities. Furthermore, its application in the petrochemical industry as a feedstock for producing various chemicals and fuels adds to its significance in the LPG market. As urbanization continues to expand, the demand for butane for residential and commercial use is anticipated to increase, reinforcing its position in the market.

Isobutane:

Isobutane is a branched-chain alkane that finds its primary applications in the petrochemical sector for producing high-octane gasoline and in the manufacturing of butyl rubber. Its unique properties, including low evaporation and high efficiency, make it a preferred choice for refrigeration and as a propellant in aerosol products. The growing demand for isobutane in the automotive and industrial sectors is expected to drive its market growth as companies seek to improve fuel efficiency and reduce emissions. Additionally, the expansion of the chemical manufacturing industry, coupled with advancements in isobutane extraction technologies, is likely to boost its availability and application. As environmental regulations tighten, isobutane's role in sustainable fuel options is expected to gain prominence, thereby increasing its demand in the LPG market.

Propylene:

Propylene is a critical feedstock in the chemical industry, primarily utilized for producing polypropylene, a widely-used plastic. While its share in the LPG market is smaller compared to propane and butane, its significance cannot be overlooked due to the high demand for polypropylene across various industries, including packaging, automotive, and textiles. The increasing focus on sustainable materials is driving the search for alternatives to traditional plastics, and propylene's role as a building block for biodegradable plastics is gaining traction. As advancements in propylene production techniques continue, the efficiency and sustainability of its manufacturing process will likely improve, further increasing its presence in the LPG market.

Ethylene:

Ethylene, while primarily known for its role in the production of ethylene glycol and polyethylene, also plays a significant part in the LPG market. Its applications extend beyond the production of plastics; it is also utilized in the agriculture sector for producing plant hormones and in the food industry for ripening fruits. The growing demand for ethylene in the chemical manufacturing industry is expected to enhance its market presence, particularly as industries seek to innovate and adapt to changing consumer preferences. As sustainability becomes increasingly important, the role of ethylene as a precursor to biodegradable products is anticipated to bolster its demand, aligning with the overall growth trend in the LPG market.

By Application

Residential:

The residential sector remains one of the largest consumers of LPG, primarily used for heating and cooking purposes. The convenience of LPG as a clean and efficient energy source has led to its widespread adoption in households, particularly in regions where natural gas is not readily available. The growing trend toward urbanization, coupled with increased awareness of the benefits of clean energy, is expected to drive the demand for LPG in residential applications. In many developing countries, LPG is also viewed as a solution to the health hazards associated with burning solid fuels, thus promoting better indoor air quality. Furthermore, government incentives and policies aimed at expanding access to LPG in rural areas are anticipated to enhance market penetration, making it a vital component of the residential energy mix.

Commercial:

In the commercial sector, LPG is utilized extensively for heating, cooking, and powering appliances in restaurants, hotels, and other businesses. Its portability and ease of use make it a preferred choice for commercial kitchens, where efficient cooking and heating are paramount. The increasing demand for energy-efficient solutions in the food service industry is expected to boost the adoption of LPG, as it offers reliable performance and lower carbon emissions compared to other fossil fuels. Additionally, the growth of the hospitality and foodservice sectors, particularly in emerging markets, is anticipated to drive further demand for LPG in commercial applications. The ongoing trend of adopting sustainable energy practices within businesses is likely to reinforce LPG's position as a favored energy source in the commercial landscape.

Industrial:

The industrial application of LPG is diverse, encompassing its use as a fuel in manufacturing processes, heating, and as a raw material in various chemical processes. Industries such as glass, ceramics, and metal fabrication rely on LPG for high-temperature operations, where its clean-burning properties are particularly advantageous. The growing focus on reducing carbon footprints within manufacturing processes is driving the utilization of LPG as a cleaner alternative to traditional fuel sources. Moreover, the rising trend of industrialization in developing economies is expected to create new opportunities for LPG adoption in various sectors, thereby enhancing overall market growth. As technologies evolve, improving efficiency and reducing emissions in industrial settings will further solidify LPG's role as a valuable energy source.

Transportation:

In the transportation sector, LPG is increasingly being adopted as an alternative fuel for vehicles, commonly referred to as autogas. Its lower emissions compared to gasoline and diesel make it an attractive option for reducing air pollution and meeting government regulations on vehicle emissions. The growing awareness of environmental sustainability and the rising costs of conventional fuels are driving the shift towards LPG in the transportation industry. Many countries are implementing policies and incentives to promote the use of autogas, thereby fostering market growth. The expanding network of refueling stations and supportive infrastructure is also expected to enhance the accessibility and convenience of LPG as a transportation fuel. As more automakers produce vehicles designed to run on LPG, the potential for growth in this segment appears promising, contributing significantly to the overall LPG market.

By Distribution Channel

Online Stores:

Online stores have emerged as a significant distribution channel for LPG, particularly due to the convenience and accessibility they offer consumers. As e-commerce continues to grow, more customers are turning to online platforms for purchasing LPG cylinders and related products. This shift is largely driven by the increasing use of mobile devices and the internet, facilitating easier access to product information and ordering processes. Additionally, online retailers often provide competitive pricing and delivery options, making it an appealing choice for consumers. The ongoing digital transformation within the LPG sector, including advancements in logistics and payment systems, is expected to further enhance the growth of online sales. Furthermore, the COVID-19 pandemic has accelerated the trend towards online shopping, resulting in a lasting impact on consumer behavior and preferences in the LPG market.

Specialty Stores:

Specialty stores play a crucial role in the distribution of LPG, particularly for specific customer segments that require tailored solutions. These stores offer a variety of LPG products, including different types of cylinders, accessories, and refilling services. The personalized service and expertise provided by specialty retailers contribute to consumer trust and satisfaction. As customers seek reliable and high-quality LPG products, specialty stores are strategically positioned to meet these needs. The growing trend of home improvement and outdoor activities is also contributing to increased sales at specialty stores, particularly for products related to BBQ, camping, and heating. The continued expansion of specialty stores, combined with targeted marketing strategies, will likely enhance their share of the LPG distribution market.

Hypermarkets/Supermarkets:

Hypermarkets and supermarkets represent a significant distribution channel for LPG, providing consumers with a convenient option to purchase LPG alongside their grocery needs. This integrated shopping experience is particularly appealing to families and individuals seeking to save time and effort. The large retail format allows for a broad range of LPG products, including refillable cylinders, portable gas stoves, and accessories, making it a one-stop-shop for consumers. Additionally, many hypermarkets and supermarkets have established partnerships with LPG suppliers to ensure a consistent and reliable supply chain. The increasing trend of shopping in bulk and the growing popularity of outdoor cooking are expected to enhance the demand for LPG products in hypermarkets and supermarkets. As retailers continue to adapt to changing consumer preferences and invest in expanding their offerings, this distribution channel will play a crucial role in the growth of the LPG market.

Direct Sales:

The direct sales channel remains a vital aspect of the LPG distribution landscape, allowing suppliers to establish direct relationships with customers. This approach enables LPG providers to offer tailored solutions based on individual consumer needs, ensuring higher satisfaction and loyalty. Direct sales are particularly effective in rural and remote areas where traditional retail options may be limited. Additionally, the personalized service provided by direct sales representatives helps to educate consumers about LPG safety and usage, contributing to better informed customers. As more suppliers adopt direct sales strategies, including home delivery services, the convenience and accessibility of LPG are likely to improve, fostering further market growth. The trend towards consumer-centric business models is anticipated to enhance the attractiveness of direct sales in the LPG sector.

By Region

Regionally, the LPG market exhibits diverse dynamics influenced by varying energy demands, regulations, and consumer behaviors. In North America, the LPG market has been robust, primarily driven by the high demand for heating and cooking solutions in residential and commercial applications. The region is projected to account for nearly 30% of the global LPG consumption by 2035, with a CAGR of around 4% during the forecast period. Additionally, the U.S. is one of the largest producers of LPG, ensuring a consistent supply for domestic and export markets. Meanwhile, Europe is also witnessing substantial growth in the LPG market, largely due to the ongoing transition towards cleaner energy sources. Increased regulations on emissions and a collective effort to reduce reliance on fossil fuels are propelling the adoption of LPG across various sectors. In Europe, the market is anticipated to represent approximately 25% of the overall global LPG consumption by 2035, further illustrating the region's commitment to sustainability.

In the Asia Pacific region, the LPG market is expected to experience significant growth, fueled by the rising energy demands of developing economies such as India and China. As urbanization continues to accelerate, so does the need for reliable and cleaner energy sources for residential and industrial applications. The Asia Pacific region is projected to account for nearly 35% of the global LPG consumption, driven by both government initiatives to promote LPG usage and increasing consumer awareness regarding the health and environmental benefits of LPG. Latin America and the Middle East & Africa are also important markets, with significant potential for growth in LPG consumption. The demand in these regions is being driven by an increasing focus on cleaner cooking fuels and the expansion of infrastructure to support LPG distribution. Overall, the LPG market is forecasted to grow substantially across all regions, driven by varying factors such as urbanization, clean energy initiatives, and evolving consumer preferences.

Opportunities

The LPG market presents numerous opportunities for growth driven by the global transition towards cleaner energy solutions. One of the most significant prospects lies in the expansion of LPG infrastructure, particularly in developing regions. As countries invest in improving their energy access and distribution systems, LPG presents an immediate and effective solution for meeting energy demands. The establishment of refueling stations, distribution networks, and storage facilities will not only enhance the availability of LPG but also promote its adoption across different sectors. Furthermore, the increased emphasis on reducing reliance on traditional fossil fuels will drive investment in LPG technology and solutions, creating opportunities for innovation and efficiency improvements. The growth of the LPG market in rural areas, where access to cleaner cooking fuels is limited, also represents a valuable opportunity for companies aiming to provide sustainable energy alternatives and improve public health and safety.

Additionally, the rise of autogas as an alternative fuel in the transportation sector presents a major opportunity for LPG market expansion. Governments worldwide are increasingly implementing regulations and incentives to promote cleaner fuels, and LPG is well-positioned to benefit from this trend. The development of vehicles that run on LPG, coupled with the expansion of refueling infrastructure, will further enhance the market's potential in the automotive industry. Moreover, the ongoing research and development efforts focused on improving LPG technology and applications could lead to new products and solutions, paving the way for growth in niche markets. Overall, as the demand for cleaner, more efficient energy sources continues to escalate, the LPG market is poised for significant opportunities that can lead to long-term growth and sustainability.

Threats

While the LPG market is growing, it is not without its challenges. One of the primary threats to the market is the increasing competition from alternative energy sources such as natural gas, electricity, and renewable energy solutions. As countries implement ambitious energy transition plans, the demand for LPG could be negatively impacted if consumers and businesses shift their focus towards more sustainable options. Additionally, fluctuations in the prices of crude oil and natural gas can influence LPG pricing, leading to instability in the market. The vulnerability of LPG supply chains, stemming from geopolitical tensions and natural disasters, could also threaten availability and pricing, creating challenges for both consumers and suppliers. Lastly, the lack of infrastructure in certain regions, particularly in developing countries, can hinder the growth potential of the LPG market, making it crucial for companies to adapt to changing conditions and consumer preferences.

Another restraining factor for the LPG market is the regulatory landscape, which can be complex and varied across different regions. Governments are increasingly tightening regulations on fossil fuel consumption to combat climate change, which may impact the LPG sector. Companies operating in the LPG market need to navigate these regulations effectively to minimize compliance risks and ensure sustainable operations. Moreover, safety concerns associated with LPG usage, especially in residential applications, pose a significant challenge. Incidents of leaks or explosions can lead to a decline in consumer confidence and subsequently affect demand. Therefore, it is essential for suppliers and manufacturers to prioritize safety measures and educate consumers on the proper handling and use of LPG to mitigate potential risks. Addressing these threats and challenges will be critical for the long-term growth and sustainability of the LPG market.

Competitor Outlook

• Royal Dutch Shell
• ExxonMobil
• BP PLC
• Chevron Corporation
• TotalEnergies SE
• Phillips 66
• Petrobras
• Cheniere Energy, Inc.
• Engie SA
• Air Liquide
• OXXO Gas
• Suburban Propane Partners, L.P.
• Avanti Energy
• Flogas Britain Limited
• AmeriGas Propane, LLC

The competitive landscape of the LPG market is characterized by a mix of multinational corporations and regional players, each vying for market share in an increasingly dynamic environment. Major companies like Royal Dutch Shell, ExxonMobil, and BP PLC are leveraging their extensive resources and global presence to capture a significant share of the LPG market. These multinational firms often benefit from economies of scale, advanced technology, and an established distribution network, allowing them to offer competitive pricing and a wide range of products. Additionally, these companies are increasingly investing in sustainable practices, aligning their operations with global environmental goals to enhance their brand image and meet growing consumer demand for cleaner energy sources. The competition among these industry giants is intense, as they continuously innovate and adapt to changing market conditions while striving to maintain their leadership positions.

Regional players are also making strides in the LPG market, focusing on localized operations and customer-centric strategies. Companies like Suburban Propane and AmeriGas are well-positioned in the North American market, offering tailored solutions for residential and commercial consumers. Their deep understanding of local preferences and demands allows them to effectively compete against larger multinational companies. Similarly, emerging players in developing countries are carving out niches by providing affordable and accessible LPG solutions, particularly in areas where traditional energy sources are scarce. These regional players play a critical role in promoting LPG usage, contributing to market growth and expanding access to cleaner energy alternatives. As the LPG market continues to evolve, the competitive landscape will likely see further consolidation, with strategic partnerships and mergers becoming increasingly common as companies seek to strengthen their market positions.

Among the notable companies in the LPG market, Royal Dutch Shell stands out as a global leader in the energy sector, with a diverse portfolio that includes LPG production and distribution. The company has made significant investments in expanding its LPG capabilities, focusing on sustainability and reducing carbon emissions. Shell's extensive supply chain and distribution network enable it to deliver LPG solutions to a wide range of customers across various industries. ExxonMobil is another key player in the LPG market, leveraging its extensive production capacity and technological expertise to provide high-quality LPG products. The company is actively involved in LPG trading and distribution and is continuously exploring opportunities to enhance its market presence through strategic partnerships and innovations.

BP PLC is a prominent player in the LPG market, actively working to diversify its energy offerings and invest in low-carbon technologies. The company's commitment to sustainability is evident in its efforts to promote LPG as a cleaner alternative to traditional fossil fuels. BP's extensive research and development initiatives focus on optimizing LPG production processes and ensuring the efficient delivery of products to customers. Additionally, TotalEnergies is making significant strides in the LPG sector, emphasizing its commitment to renewable energy and sustainable practices. The company is strategically positioning itself to capitalize on the growing demand for clean energy solutions, further solidifying its position in the LPG market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 BP PLC
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Engie SA
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 OXXO Gas
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Petrobras
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 ExxonMobil
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Air Liquide
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Phillips 66
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Avanti Energy
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 TotalEnergies SE
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Royal Dutch Shell
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Chevron Corporation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 AmeriGas Propane, LLC
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Cheniere Energy, Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Flogas Britain Limited
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Suburban Propane Partners, L.P.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 LPG Market, By Application
    • 6.1.1 Residential
    • 6.1.2 Commercial
    • 6.1.3 Industrial
    • 6.1.4 Transportation
  • 6.2 LPG Market, By Product Type
    • 6.2.1 Propane
    • 6.2.2 Butane
    • 6.2.3 Isobutane
    • 6.2.4 Propylene
    • 6.2.5 Ethylene
  • 6.3 LPG Market, By Distribution Channel
    • 6.3.1 Online Stores
    • 6.3.2 Specialty Stores
    • 6.3.3 Hypermarkets/Supermarkets
    • 6.3.4 Direct Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 LPG Market by Region
  • 10.2 Europe - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 UK
      • 10.2.1.2 France
      • 10.2.1.3 Germany
      • 10.2.1.4 Spain
      • 10.2.1.5 Italy
  • 10.3 Asia Pacific - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 India
      • 10.3.1.2 China
      • 10.3.1.3 Japan
      • 10.3.1.4 South Korea
  • 10.4 Latin America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 Brazil
      • 10.4.1.2 Argentina
      • 10.4.1.3 Mexico
  • 10.5 North America - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 USA
      • 10.5.1.2 Canada
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global LPG market is categorized based on

By Product Type

• Propane
• Butane
• Isobutane
• Propylene
• Ethylene

By Application

• Residential
• Commercial
• Industrial
• Transportation

By Distribution Channel

• Online Stores
• Specialty Stores
• Hypermarkets/Supermarkets
• Direct Sales

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Royal Dutch Shell
• ExxonMobil
• BP PLC
• Chevron Corporation
• TotalEnergies SE
• Phillips 66
• Petrobras
• Cheniere Energy, Inc.
• Engie SA
• Air Liquide
• OXXO Gas
• Suburban Propane Partners, L.P.
• Avanti Energy
• Flogas Britain Limited
• AmeriGas Propane, LLC