Union Gas Holdings

Name

Union Gas Holdings

Legal name

Union Gas Holdings Limited

Website

https://uniongas.com.sg

Company type

Public

Founded year

1977

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Fuel and Energy Distribution

NAICS

Natural Gas Distribution (22121), Industrial Gas Manufacturing (32512), Gasoline Stations (4571)

SIC

Natural Gas Distribution (4924), Natural Gas Transmisison & Distribution (4923), Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

Natural Gas Retail Supply (Residential & SMB) (EUAGAGAD)

akta.pro secondary industries

Industrial CNG/LNG Supply & Distribution (Virtual Pipelines, Trucking, Satellite Storage) (EUALALAA), Local Distribution Company (LDC) Natural Gas Distribution Utilities (TLAGADAA), NGLs & LPG Trading & Marketing (EUAGAAAE), Distributed Energy & Gas Solutions Sales (CHP, Microgrids, On-site Gas Supply) (EUAAADAJ)

Keywords

• LPG distribution
• Natural gas supply
• Petrol retail stations
• Diesel distribution
• EV charging infrastructure

Headquarters

HQ city

Hougang

HQ country

Singapore

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Gas Fuel Segment: Revenue from bottling of LPG and provision of LPG and LPG-related products and services to dealers, domestic households, industrial and commercial customers; sale and distribution of liquefied natural gas and piped natural gas to commercial customers; and retail sale of compressed natural gas (CNG) through CNG service stations.
2. Liquid Fuel Segment: Sale and distribution of diesel and petrol to industrial and commercial customers, and to vehicles through Cnergy service stations, and bulk sales of diesel.
3. Other Operations: Revenue from electric vehicle charging services and sale of industrial gases.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Union Gas Holdings is an integrated Singapore energy group that bottles and distributes LPG to households and commercial accounts under a 30-minute delivery guarantee, supplies piped natural gas, CNG and LNG to commercial customers, and sells diesel and petrol — the latter through Cnergy-branded service stations positioned at lower retail prices. Complementary lines include industrial gases and an emerging EV charging offering rolled out across the group's station footprint.

Product overview

Union Gas Holdings is an integrated energy company offering a comprehensive portfolio of energy products and services in Singapore. The portfolio includes three main operating segments: Gas Fuel (LPG bottling and distribution, natural gas, CNG), Liquid Fuel (diesel and petrol through the Cnergy brand), and other operations including EV charging. The company operates the UnionGas Online QR Ordering Portal for LPG ordering with 30-45 minute same-day delivery. The product lineup includes Residential LPG, Commercial LPG, Diesel, Petrol (via Cnergy brand), Natural Gas, Compressed Natural Gas, Piped Natural Gas, and Electric Vehicle Chargers. The company has been expanding into EV charging infrastructure through partnerships like the one with Deltrix.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential LPG
• Commercial LPG
• Diesel
• Petrol (Cnergy)
• Natural Gas
• Compressed Natural Gas (CNG) Retail sale of compressed natural gas through CNG service stations for vehicle fuel applications.
• Piped Natural Gas Distribution of piped natural gas to commercial establishments in Singapore.
• Electric Vehicle (EV) Charger EV charging services offered at Union Gas service stations, expanding the group's offerings into electric vehicle infrastructure with regional rollout via Deltrix partnership.

Quantifiable outcome

• FY2023 revenue reached record S$134.8 million, up significantly from prior years
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• DeltrixcoreStrategic or Co-development Partner · 28 December 2023Union Gas signed an MOU with Deltrix, a Hong Kong-based charging solutions provider, to develop regional EV charging infrastructure. This partnership aims to expand EV charging solutions across the region leveraging Deltrix's charging technology expertise.
• Worldbridge Industrial Developments Ltd.minorStrategic or Co-development Partner · 10 March 2021Union Gas entered into a non-binding letter of intent with Worldbridge Industrial Developments Ltd. for potential business collaboration, though the specific details of the LOI are not detailed in the available sources.
• Surbana Jurong Infrastructure Pte. Ltd.coreStrategic or Co-development Partner · 3 March 2021Union Gas partnered with Surbana Jurong to explore Singapore's first Multi-Energy Filling Station, combining LPG, natural gas, EV charging, and traditional fuels at a single location. This collaboration positions Union Gas at the forefront of integrated energy station development in Singapore.

Scale indicators9 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• City Gas Pte Ltd: City Gas is the historical Singapore piped and bottled LPG utility serving residential, hawker and commercial customers. It is the most direct comparable to Union Gas's LPG distribution franchise and competes head-to-head on 30-minute delivery-style reliability and B2B gas supply.
• Seng Choon LPG Pte Ltd: Seng Choon is a Singapore LPG bottling and distribution competitor also targeting hawker centers, households and commercial kitchens. It overlaps directly with Union Gas's residential and commercial LPG bottling/storage and distribution operations following the Sembas/Semgas/Summit acquisitions.

Broad incumbents

• Shell Singapore (Shell Eastern Petroleum): Shell operates a broad downstream portfolio in Singapore including petrol station retail, LPG, lubricants and increasingly EV charging via Shell Recharge. It competes with Cnergy in petrol retail and with Union Gas in LPG and emerging EV infrastructure, but at significantly larger scale.
• ExxonMobil Asia Pacific Pte Ltd (Esso Singapore): Esso operates one of the largest petrol station networks in Singapore alongside LPG and lubricants offerings. Esso is a primary benchmark for Cnergy's underpricing strategy and competes on fuel retail scale, brand and convenience store economics that Union Gas cannot easily replicate.
• Chevron Singapore (Caltex): Chevron's Caltex-branded network is one of the top three petrol retail incumbents in Singapore. Caltex competes with Cnergy on retail fuel pricing and convenience offerings, while also supplying industrial lubricants and a small LPG presence, making it a broader incumbent peer.
• Sembcorp Industries Ltd: Sembcorp is a Singapore-listed integrated energy and urban solutions group with gas, power and emerging decarbonization businesses. It is a broader incumbent relevant to Union Gas's natural gas distribution, multi-energy station ambitions and overall Singapore energy-transition positioning.

Others

• SP Group: SP Group is the national grid operator and licensed electricity distributor in Singapore, operating the Charge+ EV charging network. It is not a direct LPG competitor but represents the same multi-utility energy-transition trajectory Union Gas is pursuing via its Deltrix MOU and Surbana Jurong multi-energy station.
• Senoko Energy Pte Ltd: Senoko Energy is one of Singapore's largest power generation companies using natural gas as its primary fuel. While not a retail LPG/petrol peer, it is a major Singapore natural-gas offtaker and adjacent infrastructure operator relevant to Union Gas's piped natural gas and CNG distribution business.

Regional players

• BHPetrol / Boustead Petroleum Marketing Sdn Bhd: BHPetrol operates a fuel retail network across Malaysia with a comparable low-price growth posture to Cnergy. It is a useful regional peer for benchmarking station roll-out economics, fuel retail margins and brand-positioning against Singapore-domiciled fuel retailers like Union Gas.
• Hengyuan Refining Company Berhad: Hengyuan Refining is a Malaysian refiner and petroleum product marketer including petrol and diesel retail via its Shell-branded supply arrangements. It represents a regional refining-to-retail integrated model relevant to Union Gas's diesel and petrol distribution scale, though operating in Malaysia rather than Singapore.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/UnionGasHoldingsLimited
• LinkedInlinkedin.com/company/union-gas-holdings-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Union Gas Holdings