What İpragaz does

İpragaz A.Ş. is Turkey's leading LPG distributor and an integrated multi-energy operator founded in 1961 as the first LPG cylinder filling company in the country. The company's core business centers on the distribution of LPG in three primary formats: cylinder gas (tüpgaz) for residential cooking and heating via 2,067 dealers, bulk gas (dökme gaz) for industrial and commercial customers via direct sales, and autogas (otogaz) for converted vehicles via 984 fuel stations. Beyond LPG, İpragaz extends into LNG (Sistem LNG and Sistem LNG Compact for industrial and off-pipeline customers), electricity, and petroleum products through approximately 180 GO-branded fuel stations, making it the only company in Turkey operating across all four energy segments.

The underlying technology stack combines physical infrastructure (13 LPG filling facilities, 3 storage terminals, 4 tube warehouses, and over 100,000 m³ of total LPG storage after the Bütangaz acquisition) with vertically integrated manufacturing through wholly-owned subsidiary EVAS, a top-5 global LPG cylinder producer manufacturing 2.4 million cylinders annually with 92% exported to 75 countries. Digital infrastructure includes the iPApp mobile platform covering 79 provinces, B2B dealer portals, and the SAP S/4HANA enterprise system deployed in 2018 (Turkey's first at that scope). Specialty product lines include Marinegas Cuisine (marine-grade 2kg LPG cylinder), Freepoint outdoor heaters, and the EvaSmart smart LPG cylinder.

İpragaz generates revenue through hardware sales of LPG cylinders and bulk gas, unit-priced pump sales at autogas and GO fuel stations, transaction fees on loyalty programs (GO CARD, iPApp points), and direct B2B sales to industrial customers across Horeca, construction, agriculture, and manufacturing verticals. Distribution is overwhelmingly channel-driven via the 3,500+ dealer network, complemented by direct-to-consumer digital ordering through iPApp and direct enterprise sales through 8 bulk gas regional offices. The company is wholly-owned by Dutch family conglomerate SHV Energy, the world's largest LPG distributor with €8.5 billion in 2021 revenue and 30 million customers globally, and is led by CEO Eyüp Aratay, who also serves as SHV Energy's Country Manager for Turkey and Chairman of the Turkey LPG Association.

Name

İpragaz

Legal name

İpragaz A.Ş.

Website

https://ipragaz.com.tr

Company type

Private

Founded year

1961

Operating status

Operating

Headcount range

501–1,000 employees

Short description

İpragaz is Turkey's leading LPG distributor and integrated multi-energy operator, serving residential, commercial, industrial, and automotive customers via cylinder gas, bulk gas, autogas, LNG, and petroleum products through a 3,500+ dealer network, and is wholly-owned by Dutch conglomerate SHV Energy.

Ownership category

akta.pro rank

Product category

LPG Distribution and Energy Supply

NAICS

Petroleum Bulk Stations and Terminals (424710), Oil and Gas Field Machinery and Equipment Manufacturing (333132), Fuel Dealers (45721)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

NGLs & LPG Trading & Marketing (EUAGAAAE)

akta.pro secondary industries

LPG / NGL Terminals (Pressurized/ Refrigerated Gas) (TLAHABAK), Blending, Additization & Terminal Operations (In-Terminal Blending, Dyeing, Bio-blending) (EUALAEAJ), NGL/LPG Storage & Fractionation Terminals (TLAGAKAE)

Keywords

• LPG distribution
• Cylinder gas supply
• Autogas fuel stations
• Bulk industrial gas
• LNG solutions

Headquarters

HQ city

Istanbul

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. LPG Products: Sales of LPG in various forms: cylinder gas (tüpgaz) for residential, bulk gas (dökme gaz) for industrial/commercial, and autogas (otogaz) for vehicles. Primary revenue driver representing Turkey's largest LPG distributor.
2. LNG Sales: Liquefied Natural Gas sales for industrial facilities and areas without pipeline access. Includes Sistem LNG and Sistem LNG Compact solutions with telemetry-based delivery.
3. Petroleum Products (GO): Sales of petroleum products through GO branded stations including diesel and gasoline, complemented by autogas sales with loyalty program.
4. Specialty Products: Sales of specialized products including Marinegas Cuisine for marine applications, Freepoint outdoor heaters, and EVAS cylinders.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

İpragaz is Turkey's largest LPG distributor, selling liquefied petroleum gas in cylinder form (Tüpgaz) for residential cooking and heating, bulk gas (Dökme Gaz) for commercial/industrial customers, and autogas (Otogaz) for vehicles. The company also supplies LNG through Sistem LNG for industrial facilities, petroleum products through GO branded fuel stations, electricity, and specialty products including Marinegas Cuisine cylinders for marine use and Freepoint outdoor heaters. Operations are supported by an integrated dealer network of 3,500+ points across Turkey.

Product overview

İpragaz operates as an integrated energy company offering LPG (in cylinder, bulk, and autogas forms), LNG, automotive fuels, and related products across Turkey through extensive dealer and station networks. The product portfolio centers on Tüpgaz (cylinder LPG), Otogaz (vehicle LPG/autogas), and Dökme Gaz (bulk LPG) as core offerings, complemented by Sistem LNG for industrial natural gas solutions. The company serves consumers through iPApp digital platform, businesses via LPGPRO industrial systems, and marine customers with Marinegas Cuisine. Specialty products include Freepoint outdoor heaters. The group also includes EVAS (LPG cylinder manufacturing) and Bütangaz (bulk gas storage).

Differentiator

Problem solved

Functional benefit

Brands

• iPApp: Mobile application for cylinder gas ordering and autogas purchases with loyalty program and location-based services.
• GO
• Marinegas Cuisine
• Freepoint
• LPGPRO
• Sistem LNG
• Sistem LNG Compact
• EvaSmart

Products and services

• Tüpgaz (Cylinder LPG) Cylinder LPG for residential cooking and heating, available in various sizes, distributed through 2,067 cylinder gas dealers across Turkey. Customers can order through dealers or the iPApp mobile app.
• Otogaz (Autogas) LPG fuel for vehicles (autogas), distributed through 984 autogas fueling stations across Turkey, available to vehicle owners with LPG-converted cars.
• Dökme Gaz (Bulk Gas) Bulk LPG delivered by tanker and stored in customer premises tanks, serving industrial and commercial customers including residential bulk gas systems (individual, network, and central configurations).
• Sistem LNG Liquefied Natural Gas storage and delivery system for industrial facilities and areas without pipeline access, featuring telemetry-based tank level monitoring, gas leak detection, automatic shut-off valves, and odorization systems.
• Sistem LNG Compact Compact LNG system designed for smaller industrial businesses with all equipment mounted on a single chassis for quick installation without disrupting business operations.
• GO Yakıt (GO Fuel) Automotive fuel brand under İpragaz offering gasoline, diesel, and autogas through approximately 180 GO branded stations, complemented by the GO CARD loyalty program (1 point per liter, 500 points redeemable for 10 TL).
• iPApp Mobile application for cylinder ordering, nearest dealer selection, autogas purchases with loyalty points, and personalized campaigns; covers 79 provinces in Turkey and serves 2+ million customers.
• Marinegas Cuisine Specialized 2 kg LPG cylinder designed for marine and boat kitchens with corrosion-resistant coating, secure valve, and anti-slip base. Turkey's first marine-specific LPG product.
• Freepoint Isı Şemsiyeleri (Freepoint Outdoor Heaters) LPG-powered outdoor patio heaters and heat umbrellas featuring modern design, tilt sensor, safety valve, homogeneous heating technology, electronic ignition, 2-year warranty, and free installation.
• LPGPRO Industrial LPG solution systems designed for businesses with high LPG consumption, offering efficient and aesthetic energy solutions for the tourism sector and commercial applications.
• EvaSmart Akıllı LPG Tüpü (Smart LPG Cylinder) Intelligent LPG cylinder developed by group company EVAS with advanced technology features for monitoring and safety; winner of the Design Turkey Industrial Design Award in the Electrical Home Appliances category.

Quantifiable outcome

• 60+ years of continuous operation as Turkey's LPG pioneer
• +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

Feature6 records

Partnerships

Six partnerships are on record, tiered minor and core.

• YemeksepetiminorGTM or Marketing Partner · 12 November 2021Marketing partnership to support restaurants and cafes affected by pandemic. Yemeksepeti members can access discounted cylinder gas prices from İpragaz dealers. Platform enables İpragaz to reach Horeca segment through Yemeksepeti's restaurant network.
• IVECOminorStrategic or Co-development Partner · 1 January 2019IVECO Stralis NP 460 LNG-powered truck added to İpragaz's fleet. Partnership demonstrates LNG as viable fuel for heavy commercial vehicles, supporting Turkey's transition to cleaner transportation fuels.
• BütangazcoreStrategic or Co-development Partner · 17 September 2018İpragaz acquired remaining 50% stake in Bütangaz, which it previously held 50% stake in. Bütangaz operates a terminal in Tekirdağ/Marmara Ereğlisi with 25,820 m³ storage capacity and sea connection for direct ship unloading (up to 53,000 DWT vessels). Acquisition increased İpragaz's total storage capacity to over 100,000 m³.
• İZGAZ (ENGIE)minorStrategic or Co-development Partner · 28 August 2018Partnership to deliver natural gas to Kefken area via LNG. İZGAZ, part of ENGIE Group and operating Kocaeli's natural gas distribution, partnered with İpragaz to supply LNG where pipeline access was unavailable. İpragaz performed first LNG delivery to Kefken on August 28, enabling natural gas service without pipeline infrastructure investment.
• EVAS (Ev Aletleri Sanayi)coreStrategic or Co-development PartnerGroup company and Turkey's largest LPG cylinder manufacturer. EVAS is among the world's top 5 LPG cylinder manufacturers, producing 2.4 million cylinders annually in 3 facilities (EVAS MASS, EVAS Ankara, EVAS Butik). 92% of production exported to 75 countries. EVAS produces Marinegas Cuisine and EvaSmart smart cylinders for İpragaz.
• Energy Industry STKs (TOBB, ELDER, ETD, PETFORM, EÜD, GAZBİR, GAZİD)coreStrategic or Co-development PartnerActive participation and sponsorship in energy industry associations and events including ISTRADE Energy Trade and Supply Summit, Türkiye Enerji Zirvesi, Teskon+Sodex, and WLPGA Regional Summit Turkey 2019. CEO Eyüp Aratay serves as Chairman of Turkey LPG Association (Türkiye LPG Derneği).

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• AmeriGas Propane: AmeriGas is the largest US LPG distributor (UGI Corp.) operating ~1.8M customers across propane cylinder, bulk, and autogas channels. Closest large-cap pure-play public benchmark for LPG distribution unit economics.
• Antargaz: Antargaz is one of France's leading LPG distributors (bulk, cylinder, autogas) under UGI International, serving both residential and industrial markets. Comparable bulk + cylinder + autogas mix and channel structure to İpragaz.
• Suburban Propane Partners: Suburban Propane is a US-listed (NYSE: SPH) LPG and propane distributor covering ~1M customers across residential, commercial, and autogas channels. Closest public comparable for cylinder and bulk LPG distribution cash flows.
• BP Gas Turkey / BP Türkiye: BP Türkiye is a major integrated energy retailer with autogas and station operations. Shares autogas refueling and industrial gas-supply channels with İpragaz across Turkey.
• UGI International: UGI International bundles European LPG distributors (Antargaz, Avit gaz, Flaga, UniverGas) serving ~2M customers across France, Benelux and Central Europe. Comparable in scale, channel mix, and bundled cylinder/autogas model to İpragaz.
• SHV Energy (Calor / Primagaz / Supergasbras / Liquigas): SHV Energy is İpragaz's Dutch parent and the world's largest LPG distributor with €8.5B revenue and 30M customers globally, operating LPG brands such as Calor (UK), Primagaz (France), Liquigas (Italy) and Supergasbras (Brazil). Directly comparable LPG distribution playbooks run as sister companies to İpragaz.
• TotalEnergies Turkey (LPG / Enerji): TotalEnergies operates LPG distribution (and broader energy retail) in Turkey under its integrated global energy banner. Adjacent multinational LPG marketing competitor operating in the same Turkish market as İpragaz.

Direct peers

• Aygaz: Aygaz is Turkey's other major LPG marketer (Koç Group affiliate), selling cylinder, bulk and autogas LPG across a similar nationwide dealer and station network. Most direct head-to-head competitor with İpragaz in Turkish LPG.
• OPET: Major Turkish downstream fuel marketer with a branded station network selling gasoline, diesel and autogas. Direct competitor to İpragaz's GO station operations within the same energy retail channel in Turkey.
• Petrol Ofisi: Turkey's largest fuel retailer and a major energy distribution platform with nationwide station network. Overlaps with İpragaz's GO fuel stations and petroleum product revenue stream, and competes for B2B industrial energy accounts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/IpragazAS
• YouTubeyoutube.com/ipragaz
• Facebookfacebook.com/ipragaz
• LinkedIntr.linkedin.com/company/ipragaz
• Instagraminstagram.com/ipragaz

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 İpragaz