The Global Liquefied Propane Market was valued at USD 110.5 Billion in 2023 and is projected to reach USD 153.8 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period (2024-2030). This robust expansion is driven by increasing demand for clean-burning fuels, the growing petrochemical industry, and the rapid adoption of liquefied petroleum gas (LPG) as a versatile energy source for residential, commercial, and industrial applications globally.

As the world transitions toward lower-carbon energy systems, the companies that produce, distribute, and innovate within the liquefied propane sector are becoming increasingly vital. In this blog, we profile the Top 10 Companies in the Liquefied Propane Industry—a diverse group of energy majors, specialized gas distributors, and integrated players shaping the future of this essential market.

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🔟 1. Saudi Aramco

Headquarters: Dhahran, Saudi Arabia
Key Offering: Bulk LPG (Propane & Butane), Specialty Gases

Saudi Aramco is the world’s largest integrated oil and gas company and a top global supplier of liquefied propane. With vast natural gas reserves, the company has a significant LPG production capacity, supplying markets across Asia, Europe, and the Americas through its extensive logistics network. Its scale and vertical integration from production to shipping give it a dominant position.

Sustainability Initiatives:

• Investing in blue and green hydrogen projects with LPG as a transitional fuel

• Commitment to increasing gas production and reducing flaring

• Development of advanced Petrochemicals to capture more value from LPG feedstocks

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9️⃣ 2. ExxonMobil Corporation

Headquarters: Irving, Texas, USA
Key Offering: LPG, Chemical-grade Propane, Integrated Supply Solutions

ExxonMobil is a leading global player in the LPG market, with significant production from its upstream operations and refining assets. The company supplies propane for heating, transportation, and as a critical feedstock for the petrochemical industry, leveraging its global supply chain to meet diverse customer needs.

Sustainability Initiatives:

• Advancing carbon capture and storage technologies for lower-emission operations

• Focus on efficiency improvements across its refining and chemical complexes

• Commitment to net-zero emissions (Scope 1 and 2) from operated assets by 2050

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8️⃣ 3. Shell

Headquarters: London, United Kingdom
Key Offering: Shell LPG, Autogas, Commercial & Industrial LPG Solutions

Shell has a formidable presence in the global LPG market, supplying millions of tonnes annually to residential, commercial, and industrial customers. Its strong brand and retail network, particularly in emerging markets, position it as a key distributor. Shell is also a major player in Autogas (LPG as a vehicle fuel), promoting it as a cleaner alternative to gasoline and diesel.

Sustainability Initiatives:

• Growing its LNG and low-carbon fuels portfolio alongside LPG

• Investment in digital solutions for smarter energy management for customers

• Target to become a net-zero emissions energy business by 2050

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7️⃣ 4. Chevron Corporation

Headquarters: San Ramon, California, USA
Key Offering: Propane, Butane, LPG Blends for Multiple Applications

Chevron is a major integrated energy company with substantial LPG production from its U.S. and international assets. The company markets propane for heating, cooking, and agricultural use, and supplies feedstock to the chemical industry. Its strategic investments in logistics ensure reliable delivery to diverse markets.

Sustainability Initiatives:

• Focus on reducing methane emissions from its operations

• Investing in renewable fuels and hydrogen

• Aiming to lower carbon intensity of its operations

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6️⃣ 5. BP

Headquarters: London, United Kingdom
Key Offering: BP LPG, B2B Energy Solutions, Advanced LPG Products

BP’s LPG business is a key part of its gas & low-carbon energy segment. The company has a strong footprint in Europe, Asia, and Africa, supplying LPG for various uses. BP is actively involved in promoting LPG as a cleaner alternative to traditional solid fuels in developing economies, supporting energy access and improving air quality.

Sustainability Initiatives:

• Strategic pivot towards integrated energy solutions, including biofuels and EV charging

• Commitment to reducing oil and gas production and increasing investment in low-carbon energy

• Net-zero ambition by 2050 or sooner

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5️⃣ 6. TotalEnergies

Headquarters: Paris, France
Key Offering: TotalGaz LPG, Butagaz (via subsidiary), LPG for Power Generation

TotalEnergies is a major player in the global LPG market, with a strong presence particularly in Europe and Africa through its subsidiary Butagaz. The company offers a complete range of LPG solutions for homes, businesses, and industries, focusing on safety, reliability, and energy efficiency.

Sustainability Initiatives:

• Ambitious targets to expand its renewable power generation capacity

• Investment in biogas and green hydrogen

• Goal to achieve net-zero emissions across its operations by 2050

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Liquefied Propane Market – View in Detailed Research Report

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4️⃣ 7. SHV Energy (Calor & Flogas)

Headquarters: Utrecht, Netherlands
Key Offering: Calor Gas (UK), Flogas (Europe), LPG distribution and services

SHV Energy is a world-leading distributor of LPG, operating under strong regional brands like Calor in the UK and Flogas across Europe. The company specializes in off-grid energy solutions, providing LPG to residential, commercial, and agricultural customers who are not connected to the natural gas grid. Its focus on customer service and innovative delivery models is a key strength.

Sustainability Initiatives:

• Pioneering the development and distribution of BioLPG (renewable propane)

• Investing in energy management services to help customers reduce consumption

• Commitment to making sustainable energy solutions accessible

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3️⃣ 8. UGI Corporation (including AvantiGas)

Headquarters: King of Prussia, Pennsylvania, USA
Key Offering: AmeriGas (U.S.), AvantiGas (Europe), LPG Cylinders & Bulk Supply

UGI Corporation is a major distributor and marketer of LPG, primarily through its subsidiaries AmeriGas in the United States and AvantiGas in Europe. The company serves over 1.5 million customers with propane for home heating, cooking, water heating, and motor fuel, with a strong focus on the mobile and off-grid energy sectors.

Sustainability Initiatives:

• Expanding offerings of renewable propane and supporting related infrastructure

• Investment in energy efficiency programs for customers

• Commitment to safe and reliable energy delivery

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2️⃣ 9. Repsol

Headquarters: Madrid, Spain
Key Offering: Repsol LPG, Cylinder Gas, Commercial LPG Solutions

Repsol is a leading energy company in Spain and Latin America with a significant LPG business. The company produces and markets LPG, serving a broad customer base from households to large industries. Repsol’s integrated model, from production to sale at its extensive network of service stations and distributors, ensures a strong market position.

Sustainability Initiatives:

• Ambitous strategy to become a net-zero emissions company by 2050

• Significant investments in circular economy projects and renewable hydrogen

• Development of advanced biofuels from waste

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1️⃣ 10. China Gas Holdings Ltd.

Headquarters: Hong Kong
Key Offering: Piped Gas, LPG Distribution, Integrated Energy Services

China Gas is one of the largest LPG distributors in China, a critical market for global propane demand growth. The company has built an extensive network for distributing LPG to residential, commercial, and industrial users across the country. Its deep understanding of the Chinese energy landscape and robust infrastructure make it a key player in the region.

Sustainability Initiatives:

• Promoting the switch from coal to cleaner gases like LPG to improve urban air quality

• Expanding into comprehensive clean energy solutions, including natural gas and renewables

• Focus on rural energy access and safety

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Liquefied Propane Market – View in Detailed Research Report

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🌍 Outlook: Navigating the Evolving Landscape of the Liquefied Propane Market

The liquefied propane market stands at a pivotal juncture. While it remains a cornerstone of global energy supply due to its versatility and relatively clean-burning properties, the industry is actively adapting to the pressures of the energy transition. The leading companies are no longer just fuel suppliers; they are becoming integrated energy solution providers.

📈 Key Trends Shaping the Market:

• Rising Petrochemical Demand: Propane dehydrogenation (PDH) plants are a major growth driver, converting propane into propylene for plastics manufacturing.

• Energy Security & Fuel Switching: Geopolitical events are reinforcing LPG’s role as a reliable and flexible energy source, especially in regions seeking alternatives to piped natural gas.

• Growth of BioLPG: The development of renewable propane from sustainable feedstocks is creating a pathway for decarbonization within the industry.

• Digitalization of Supply Chains: Companies are leveraging IoT and data analytics to optimize logistics, enhance safety, and improve customer service.

Read Full Report:
Liquefied Propane Market – View in Detailed Research Report

The companies profiled above are not merely participants in the liquefied propane market; they are central architects of its future, balancing the reliable supply of a crucial energy source today with the strategic investments needed for a lower-carbon tomorrow.