- Union Gas (SGX:1F2) is one of the major distributors of bottled LPG in Singapore. Retail LPG contributed 83% of FY21A revenue, with natural gas (NG) at 2% and diesel at 15%.
- The retail LPG segment sells bottled LPG cylinders to domestic households (40% of segment revenue), with the remaining 60% sold to commercial and industrial customers, e.g., hawker centres, factories, hotels. The NG and diesel segments are dependent on sales from Union Gas’s Cnergy fuel station at 50 Old Toh Tuck Road.
Market leader with an established brand name, backed by vertically integrated operations.
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Pivot to commercial customers the next growth lever.
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