Geoplin

What Geoplin does

Geoplin d.o.o. Ljubljana is Slovenia's largest natural gas trading and supply company, founded in 1975 and operating as a majority-owned subsidiary of Petrol d.d., Ljubljana (74.34% stake as of 2022). The company sources natural gas from long-term producer contracts historically anchored by Russia's Gazprom (600 million cubic meters annually between 2018-2023) and now diversified through Algeria's Sonatrach and Azerbaijan's SOCAR, supplemented by short-term purchases at European gas hubs including CEGH (Austria), TTF (Netherlands), THE (Germany), and NCG. It supplies natural gas to large industrial customers (steel, manufacturing, lime production), medium-sized industrial and commercial enterprises, and households, with 75% domestic market share and active trading infrastructure across Croatia, Austria, Hungary, Italy, Ukraine, Slovakia, and Bulgaria.

Geoplin offers a portfolio of pricing products (variable, fixed, banded, structured, and hybrid) tied to European gas indices, alongside balance group management and portfolio optimization services. Its Energy Solutions division delivers industrial process optimization, waste heat exploitation, industrial lighting reconstruction, combined heat and power (CHP) plants, and cooling systems, typically implemented through an Energy Service Contracting (ESCO) model where Geoplin invests, maintains equipment, and guarantees energy savings without upfront customer costs. Documented outcomes include 60% electricity and CO2 reductions at SIJ Ravne Systems and 825 MWh/year savings across a 60-month contract at SIJ Metal Ravne.

The company is headquartered in Ljubljana (Cesta Ljubljanske brigade 11), with a wholly-owned Croatian subsidiary established in 2014 and a gas transmission subsidiary, Geoplin Plinovodi d.o.o., certified as an independent system operator in 2012. Revenue is generated primarily from volume-based natural gas sales to industrial, commercial, and residential customers, supplemented by professional services from energy efficiency projects and managed services from portfolio management. Within the Petrol Group's 2023-2027 strategy, Geoplin functions as the conglomerate's competence centre for natural gas products and services development.

Name

Geoplin

Legal name

Geoplin d.o.o. Ljubljana

Website

https://geoplin.si

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

11–50 employees

Short description

Geoplin is Slovenia's largest natural gas trader and supplier, established in 1975, serving industrial, commercial, and residential customers across Central and Southeastern Europe with diversified sourcing, multi-tier pricing products, and ESCO-based energy efficiency solutions.

Ownership category

akta.pro rank

Product category

Natural Gas Trading and Supply

NAICS

Natural Gas Distribution (22121), Natural Gas Distribution (221210)

SIC

Natural Gas Distribution (4924), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Natural Gas Retail Supplier (Competitive) Marketing & Sales (EUAAADAB)

akta.pro secondary industries

Commercial & Industrial (C&I) Natural Gas Sales (EUAAADAC), Physical Natural Gas Trading (Pipeline Gas) (EUAGAGAA), Natural Gas Marketing & Asset Optimization (Storage, Transport, Hub Services) (EUAGAGAC), Gas Supply, Aggregation & Contracting (Producers, Marketers, Tolling, GSA) (EUALALAD)

Keywords

• Natural gas trading
• Natural gas supply
• Energy solutions services
• Energy efficiency projects
• Portfolio management services

Headquarters

HQ city

Ljubljana

HQ country

Slovenia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Natural Gas Trading and Supply: Core revenue from trading, supplying, and distributing natural gas in Slovenia and neighboring countries. Geoplin sources natural gas from long-term contracts with producers and short-term purchases from European gas hubs (CEGH, TTF, THE, NCG). Revenue derives from volume-based sales to industrial, commercial, and residential customers.
2. Energy Solutions and Services: Revenue from implementing energy efficiency projects including process optimization, waste heat recovery, industrial lighting, CHP plants, and cooling systems. Implemented through energy service contracting (ESCO) model where investment is repaid from achieved energy savings.
3. Portfolio Management Services: Services for optimizing customer price and volume portfolios including price freezing/unfreezing, index switching, partial purchases, and balance group management services.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Geoplin trades, supplies, and distributes natural gas to industrial, commercial, and residential customers across Slovenia and neighboring SE/Central European countries. Its core offering combines volume-based gas supply with five pricing product variants (Variable, Fixed, Banded, Structured, Hybrid), balance group and portfolio management services, and turnkey industrial energy efficiency solutions delivered through an ESCO model.

Product overview

Geoplin is Slovenia's largest natural gas trader and supplier, offering a portfolio of gas pricing products (Variable, Fixed, Banded, Structured, and Hybrid products) alongside comprehensive energy solutions services. The company provides natural gas supply with various pricing models tied to European gas indices (CEGH, TTF, THE), along with industrial energy efficiency solutions including process optimization, waste heat exploitation, industrial lighting, combined heat and power (CHP) plants, and cooling systems. Supporting services include supply reliability management, balance group services, and portfolio management tools.

Differentiator

Problem solved

Functional benefit

Products and services

• Natural Gas Supply Core supply of natural gas in Slovenia and internationally, sourced from long-term producer contracts (e.g., Sonatrach, SOCAR) and short-term purchases from European gas hubs such as CEGH, TTF, THE, and NCG, delivered to industrial, commercial, and household customers.
• Natural Gas Pricing Products (Variable, Fixed, Banded, Structured, Hybrid) A portfolio of five pricing product variants — Variable (indexed to CEGH/TTF/THE), Fixed (forward-market locked for the delivery period), Banded (take-or-pay within a defined band), Structured (multi-instrument, multi-time-point purchases), and Hybrid (combination tailored to customer risk profile) — enabling customers to manage price risk and optimize purchasing cost.
• Ensuring Reliable Supply Service Service ensuring the highest level of natural gas supply reliability through long-term source agreements, strategic reserves, and a diversified purchasing portfolio.
• Balance Group Services Balancing services including consumption forecasting and cost optimization for large industrial customers within Geoplin-managed balance groups.
• Portfolio Management Services Services including cancellation of surplus fixed-price quantities, index switching, price freezing/unfreezing, and partial-purchase portfolio building for natural gas customers.
• Energy Service Contracting (ESCO) Solutions Turnkey energy solutions where Geoplin invests, implements, maintains equipment, and guarantees energy savings, with no upfront costs to customers; repayment is made from achieved energy savings.
• Industrial Energy Efficiency Solutions Optimization of technological processes, waste heat exploitation, professional industrial lighting, combined heat and power (CHP) plants, and cooling systems for technological cooling — delivered to industrial customers under the ESCO model.
• Cross-Border Natural Gas Trading Cross-border natural gas trading and supply in Austria, Croatia, Hungary, Italy, Ukraine, Slovakia, and Bulgaria, enabled by the wholly-owned Croatian subsidiary (est. 2014) and active presence at European gas hubs.

Quantifiable outcome

• 20%+ process efficiency improvement for lime production customer
• +4 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• SONATRACHcoreStrategic or Co-development Partner · 13 May 2025Algerian state oil company, extended natural gas supply agreement ensuring uninterrupted gas supply to Slovenia. Partnership is critical for Geoplin's diversified sourcing strategy.
• SOCAR (State Oil Company of Azerbaijan Republic)coreStrategic or Co-development Partner · 1 August 2024First gas supply deal with SOCAR from Azerbaijan. Memorandum of understanding signed July 2024 to enhance reliable supply of natural gas.
• Gazprom Export LLCcoreStrategic or Co-development Partner · 13 April 2018Mid-term contract for natural gas supply (600 million cubic meters annually) from Russia valid January 2018 to January 2023. Supply subsequently ended in 2023.
• EurogasminorStrategic or Co-development PartnerEuropean Gas Association membership. Geoplin participates in annual regional conferences and contributes to decarbonization and energy security discussions.
• Ski Association of SloveniaminorGTM or Marketing PartnerLong-term sponsor of Slovenian Nordic Ski Team including ski jumping and cross-country skiing. Supports athletes and receives brand visibility.
• Ljubljana FestivalminorGTM or Marketing PartnerTraditional sponsor of cultural events including Winter Festival and cultural programming. Supports arts and culture for brand positioning.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• OMV Petrom: Integrated energy company with significant natural gas supply and trading operations in Central and Southeastern Europe, including Romania and surrounding markets — comparable mid-cap gas retailer with similar industrial-customer orientation.
• MOL Group: Hungarian integrated oil and gas company with cross-border retail gas supply in Central and Eastern Europe — comparable regional gas trading and B2B supply model.
• MET Group: Swiss-headquartered European natural gas trader and marketer active across Central, Eastern and Southern Europe with integrated wholesale trading, retail supply, and increasingly energy services — directly comparable to Geoplin in scale and geographic footprint.

Regional players

• Energo-Pro: Central and Eastern European energy group with operations spanning generation, supply, and distribution across SEE — a regional comparable for Geoplin's expansion ambitions.
• CEZ Group: Czech Central European energy incumbent with gas supply, power generation, and energy services — comparable mid-cap CEE energy retailer pursuing industrial efficiency solutions.
• HEP (Hrvatska elektroprivreda): Croatian national energy group with gas supply and trading operations — the primary domestic competitor to Geoplin's Croatian subsidiary in the same end-customer segments.

Broad incumbents

• RWE Supply & Trading: Large European gas trading and supply operation with presence across CEGH, TTF, and other hubs — sets the price-discovery benchmark relevant to Geoplin's indexed products.
• Uniper: German-headquartered European gas major with major trading operations, hub presence, and industrial supply business — comparable in trading sophistication and European gas portfolio management.
• Petrol d.d., Ljubljana: Geoplin's 74.34% parent and Slovenia's largest energy group — overlaps in fuel retail and energy services, and effectively sets the strategic and capital context for Geoplin's operations.
• Eni gas & power: Major European integrated energy company with wholesale and retail natural gas operations and PSV hub presence in Italy — relevant upstream/hub counterpart for Geoplin's Mediterranean supply strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/geoplin-d.o.o.-ljubljana

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 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 Geoplin