Synergas

What Synergas does

Synergas Ltd is a Cyprus-based cooperative company that imports and distributes LPG (liquefied petroleum gas) to residential, commercial, and industrial customers across the island. Founded in 1965 to bottle and supply LPG to cooperative grocery stores, the company expanded into bulk LPG delivery in 1985 and now operates a 24/7 distribution network covering all of Cyprus through its own truck fleet, an agent and representative network, and retail placement at supermarkets, kiosks, and fuel stations.

The product portfolio spans steel cylinders in 10-50Kg sizes plus XLite 15Kg, bulk storage tanks for commercial and industrial users, gas equipment and accessories, and autogas for automotive applications. This hardware offering is complemented by technical services: 24/7 bulk gas delivery with trained drivers and automated meter counters, installation services for residential through industrial-scale systems, 24-hour technical support including LNG expertise, and database-tracked maintenance. Core infrastructure comprises a state-of-the-art automated filling and inspection plant in Larnaca capable of processing approximately 6,000 cylinders per day, a secondary LPG terminal in Paphos for south-west coverage, and certified equipment sourced from manufacturers in Italy, Germany, the USA, and the UK. The company holds ISO9001 and OHSAS18001 certifications.

Synergas generates revenue through LPG gas sales (cylinder and bulk, hardware model), gas equipment sales, and professional services for installation and maintenance. Its customer base spans three primary segments: residential homeowners (cooking, heating, fireplaces, outdoor heating), commercial businesses (hotels, restaurants, bakeries, factories, agricultural businesses), and a smaller automotive segment for autogas. Pricing is not publicly disclosed and is handled on a direct quote basis, though an online payment portal via JCC Smart exists for existing customers. In 2016, Synergas entered a four-party joint venture with Petrolina Holdings, Hellenic Petroleum Cyprus, and Intergaz to construct a €23M+ shared LPG terminal at the Vasiliko Energy and Industrial Area, consolidating the four operators' existing Larnaca facilities.

Name

Synergas

Legal name

Synergas Ltd

Website

https://synergas.com.cy

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

11–50 employees

Short description

Synergas Ltd is a Cyprus-based LPG importer and distributor, founded in 1965, that supplies bottled and bulk LPG, gas equipment, and installation and maintenance services to residential, commercial, and industrial customers across the island via its own fleet and agent network.

Ownership category

akta.pro rank

Product category

LPG Distribution

NAICS

Petroleum Bulk Stations and Terminals (424710), Fuel Dealers (457210)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

Liquid Bulk Petroleum Terminals (Crude, Refined Products) (TLAHABAH)

akta.pro secondary industries

LPG / Propane-Butane Products Pipeline Transportation (TLAGABAH), Blending, Additization & Terminal Operations (In-Terminal Blending, Dyeing, Bio-blending) (EUALAEAJ)

Keywords

• LPG distribution
• Bottled gas supply
• Bulk gas delivery
• Autogas fuel
• Gas installation services

Headquarters

HQ city

Larnaca

HQ country

Cyprus

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. LPG Gas Sales: Import, storage, and distribution of bottled and bulk LPG gas to residential, commercial, and industrial customers across Cyprus. Revenue from cylinder sales (10-50Kg sizes) and bulk tank deliveries.
2. Technical Services: Gas installation construction, maintenance, and 24/7 technical support services for residential and industrial customers.
3. Gas Equipment Sales: Sale of gas equipment including cylinders, bulk tanks, and related gas installation equipment imported from certified organizations in Italy, Germany, USA, and UK.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Synergas imports and distributes bottled and bulk LPG (Liquefied Petroleum Gas) to residential, commercial, and industrial customers across Cyprus. The company sells steel gas cylinders in 10-50Kg sizes, bulk storage tanks, gas equipment, and Autogas for vehicles, and provides 24/7 bulk delivery, installation, technical support, and maintenance services.

Product overview

Synergas is a Cyprus-based LPG (Liquefied Petroleum Gas) distributor offering a portfolio of products and services for residential, commercial, and transport sectors. The core product line includes Gas Steel Cylinders (available in 10Kg to 50Kg sizes plus XLite 15Kg), Gas Bulk Tanks, and Gas Equipment. These products are complemented by service offerings: Gas Bulk Delivery (24/7 across Cyprus), Gas Installations (from residential to industrial scale), Technical Support (24/7 including LNG expertise), and Maintenance services with automated tracking. The company also distributes Autogas for automotive transport. Distribution is handled through company agents and representatives across Cyprus, with state-of-the-art filling plants in Larnaca capable of filling approximately 6,000 cylinders per day.

Differentiator

Problem solved

Functional benefit

Products and services

• Gas Steel Cylinders Steel gas cylinders available in 10Kg, 15Kg, 25Kg, 35Kg, 50Kg and XLite (15Kg) sizes for cooking, heating, and other applications. Cylinders come in blue or brown colour and are inspected thoroughly for safe use.
• Gas Bulk Tanks Bulk storage tanks for LPG used for commercial and industrial applications, typically delivered via road trucks.
• Gas Equipment Gas-related equipment and accessories for installations, including regulators, valves, and connection components imported from certified organizations in Italy, Germany, USA, and UK.
• Autogas LPG fuel for automotive transport, serving as an alternative automotive fuel with environmental benefits and safety features. Autogas is the third most popular automotive fuel in the world with approximately 16 million passenger cars worldwide.
• Gas Bulk Delivery 24/7 bulk LPG delivery service via truck fleet to homes and businesses across Cyprus, with trained drivers and automated meter counters for accurate delivery.
• Gas Installations Technical installation services for gas systems ranging from small home installations to industrial heavy-duty installations. Equipment and tanks are imported from certified organizations in Italy, Germany, USA, and UK.
• Technical Support 24-hour technical support available including weekends and bank holidays, with certified and experienced personnel for gas installations including LNG (Liquefied Natural Gas) installations.
• Maintenance Maintenance services for LPG facilities with database systems that track and schedule maintenance of LPG tanks and installations.

Quantifiable outcome

• 10-12% reduction in CO2 emissions compared to petrol-powered cars
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Petrolina (Holdings) Public LtdcoreStrategic or Co-development Partner · 17 June 2016Joint venture consortium formed on June 17, 2016 to build and operate a new LPG storage terminal at Vasiliko, Cyprus. The partnership involves relocation from Larnaca to the Vasiliko Energy and Industrial Area. The €23 million investment will be funded partially by own resources and partially by bank loan, with 7 banks expressing interest in lending.
• Ελληνικά Πετρέλαια Κύπρου Λτδ (Hellenic Petroleum Cyprus)coreStrategic or Co-development Partner · 17 June 2016Joint venture consortium formed on June 17, 2016 to build and operate a new LPG storage terminal at Vasiliko, Cyprus. The partnership involves relocation from Larnaca to the Vasiliko Energy and Industrial Area. These companies are the ones with existing LPG facilities in Larnaca.
• Intergaz LtdcoreStrategic or Co-development Partner · 17 June 2016Joint venture consortium formed on June 17, 2016 to build and operate a new LPG storage terminal at Vasiliko, Cyprus. Partnership subject to approval by the Competition Protection Commission. The consortium will also include a cylinder control and repair unit.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• DCC Energy: Sales, marketing, and distribution arm of DCC plc for LPG, heating oil, and other energy products across Europe. Relevant comparable for Synergas's multi-channel distribution and downstream energy services approach.
• SHV Energy: Global leader in LPG distribution (parent of Primagaz, Calor, Supergasbras) serving millions of customers across Europe, Asia, and the Americas. Relevant comparable for Synergas's vertical integration and cylinder/bulk distribution model.
• Calor Gas: UK's largest LPG supplier (SHV Energy subsidiary) offering bottled and bulk LPG plus Autogas. Direct comparable for Synergas's residential cylinder, commercial bulk, and autogas offering across an island-style market.
• UGI International: European division of UGI Corporation distributing LPG (Antargaz, AmeriGas partnerships) and other energy products. Comparable to Synergas in LPG distribution scale and breadth across customer segments.
• Antargaz: Major French LPG distributor (part of UGI International) offering bottled and bulk LPG to residential, commercial, and industrial customers. Closely mirrors Synergas's mix of cylinder, bulk tank, and autogas offerings.
• Repsol Butano: Spanish division of Repsol operating bottled LPG, bulk, and Autogas distribution with strong Iberian market share. Comparable vertical model — bottling plant, distribution fleet, and installation/maintenance services.
• Primagaz: SHV Energy's European LPG distribution brand operating across France, Benelux, and Central Europe. Comparable to Synergas's bottled and bulk LPG distribution plus installation and maintenance services.

Direct peers

• Hellenic Petroleum Cyprus Ltd: Cypriot arm of the Greek Hellenic Petroleum group, distributing petroleum products and LPG on the island. Directly competes with Synergas and is a co-investor in the shared Vasiliko terminal.
• Intergaz Ltd: Cyprus-based LPG distributor listed as a joint-venture partner alongside Synergas, Petrolina, and Hellenic Petroleum Cyprus for the new Vasiliko terminal. Competes head-to-head with Synergas for LPG customers on the island.
• Petrolina (Holdings) Public Ltd: Major Cypriot oil and LPG marketer operating terminals on the island. Petrolina is both a direct competitor in LPG distribution and a JV partner in the Vasiliko terminal, making it the closest comparable to Synergas in geography and product mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Synergas
• Facebookfacebook.com/synergascyprus
• LinkedInlinkedin.com/company/synergas

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

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 Synergas