United Gas Derivatives Company

What United Gas Derivatives Company does

United Gas Derivatives Company (UGDC) is an Egyptian joint stock company established in 2002 through a Shareholders Agreement signed in October 2001 among founding shareholders GASCO (the Egyptian Natural Gas Company), bp, and ENI. The company operates one of Egypt's leading natural gas liquids (NGL) processing facilities, anchored by an NGL plant at Port Said that processes rich gas streams sourced from upstream concessions in the Nile Delta and East Nile Delta offshore areas, and an import/export terminal at Damietta Port in Northern Egypt featuring VLGC capability and 30,000 cubic meters of refrigerated storage capacity. UGDC's core product portfolio comprises commercial propane (used as feedstock for the domestic petrochemical industry), LPG, and condensate (a gasoline-range hydrocarbon mixture), with the company reporting 2023 production of 143K tons propane, 78K tons LPG, and 92K tons condensate, alongside 99% plant availability and ~100% liquid recovery.

The company's business model is a B2B midstream gas processing operation serving two anchor customer segments: the Egyptian General Petroleum Corporation (EGPC), which receives LPG and condensate via pipeline network and procures imported LPG handled through the Damietta terminal, and domestic petrochemical companies (notably the Egyptian Polypropylene Company at Port Said), which receive propane as feedstock. Revenue is generated through product sales and transaction-based import/export terminal services, with UGDC leveraging its shareholder relationships with bp and ENI (who jointly produce around 60% of Egypt's gas) for feedstock access and its gas processing infrastructure for downstream market access. The company has accumulated 9.91 million tons of NGL production since commencing operations in 2005 and maintains a comprehensive ISO certification portfolio (9001, 14001, 45001, 50001, 39001, ISO/IEC 17025) and a long track record of GPA Midstream safety recognitions since 2006.

Name

United Gas Derivatives Company

Legal name

United Gas Derivatives Company

Website

https://ugdco.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

501–1,000 employees

Short description

United Gas Derivatives Company (UGDC) is an Egyptian joint stock company that operates an NGL processing plant at Port Said and an import/export terminal at Damietta, supplying propane to domestic petrochemical companies and LPG and condensate to the Egyptian General Petroleum Corporation (EGPC).

Ownership category

akta.pro rank

Product category

Natural Gas Liquids Processing

NAICS

Natural Gas Extraction (21113), Pipeline Transportation of Refined Petroleum Products (48691)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171), Pipe Lines (No Natural Gas) (4610)

akta.pro primary industry

NGL (Natural Gas Liquids) Pipeline Transportation (EUALADAC)

akta.pro secondary industries

NGL/LPG Pipeline Storage & Terminaling (Caverns, Bullet Tanks, Tank Farms) (TLAGAEAM), Natural Gasoline / Condensate (C5+) Pipeline Transportation (TLAGAEAG)

Keywords

• Natural gas liquids
• Propane production
• LPG processing
• Gas condensate supply
• NGL import export

Headquarters

HQ city

Cairo

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. NGL Product Sales: UGDC processes rich gas streams to produce propane, LPG, and condensate. Commercial propane is sold to the domestic market to support the petrochemical sector. LPG and condensate are directed into the EGPC pipeline network for local use.
2. Import/Export Services: UGDC provides import and export services for NGL products through its Damietta facility. The Damietta terminal imports commercial propane for petrochemical sector contracted companies and imports LPG for EGPC via VLGC vessels.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels1 record

Core offering

UGDC processes rich gas streams sourced from upstream concessions in the Nile Delta and East Nile Delta offshore areas at its NGL Plant in Port Said, producing commercial Propane for the domestic petrochemical sector and LPG and Condensate directed to EGPC via pipeline networks. Through its Damietta Terminal, UGDC also provides import and export services for NGL products, handling propane and LPG imports via VLGC vessels and offering refrigerated storage capacity of 30,000 cubic meters.

Product overview

United Gas Derivatives Company (UGDC) operates as a natural gas liquids (NGL) processing and derivatives company in Egypt. The company's product portfolio consists of three core petroleum products—Propane, LPG (Liquefied Petroleum Gas), and Condensate—all derived from natural gas processing at the NGL Plant in Port Said. These products are sold to the Egyptian General Petroleum Corporation (EGPC) and the domestic petrochemical industry. UGDC also operates the Damietta Terminal, which provides import/export services for NGL products and features 30,000 cubic meters of refrigerated storage capacity. The company's integrated operations encompass natural gas processing, product storage, and distribution through EGPC's pipeline network, serving both domestic fuel needs and petrochemical feedstock requirements.

Differentiator

Problem solved

Functional benefit

Products and services

• Propane Commercially produced liquefied petroleum gas (LPG) from natural gas liquids (NGL) processing facilities. It is an odorless, colorless flammable substance used as feedstock for the petrochemical industry for producing propylene and polypropylene products, as well as a versatile fuel for agricultural, industrial, construction, and warehouse applications. Sold to the domestic petrochemical market including EPP at Port Said.
• LPG (Liquefied Petroleum Gas) Flammable, colorless, and odorless blend of hydrocarbon gases primarily consisting of propane and butane. Serves as fuel for domestic and industrial use in Egypt, with all production directed to the Egyptian General Petroleum Corporation (EGPC) via the pipeline network.
• Condensate Natural gas condensate, a hydrocarbon mixture within the gasoline boiling range, also known as gas condensate or de-butanized natural gasoline. Primarily used to enhance gasoline product quality and pumped via Petroleum Pipelines Company (EGPC representative) to oil refineries.
• Damietta Terminal Import/Export Services Import/export terminal at Damietta Port in Northern Egypt handling propane import and export, and LPG import for EGPC via VLGC vessels. Features a refrigerated storage tank with capacity of 30,000 cubic meters.
• NGL Storage Services Refrigerated storage infrastructure for NGL products at the Damietta facility, including commercial propane storage before transport to Port Said.

Quantifiable outcome

• 143K tons propane production (vs 108K planned) in 2023
• +7 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core.

• GASCO (Egyptian Natural Gas Company)coreStrategic or Co-development Partner · 1 October 2001GASCO was established in March 1997 and manages, operates, and develops the Egyptian National natural gas grid and its natural gas derivatives recovery plants. GASCO is one of the founding shareholders of UGDC, established through the October 2001 Shareholders Agreement as part of the collaboration between the Egyptian Petroleum Sector and international Oil & Gas companies.
• bpcoreStrategic or Co-development Partner · 1 October 2001bp has operated in Egypt for almost 60 years, investing more than $35 billion during that time, and is a major pillar of Egypt's energy industry. bp currently produces around 60% of Egypt's gas through joint ventures. bp is one of the founding shareholders of UGDC established through the October 2001 Shareholders Agreement.
• ENIcoreStrategic or Co-development Partner · 1 October 2001ENI is an integrated energy company engaged along the entire energy value chain, present in Egypt since 1954. ENI is active in development and production of hydrocarbons, implementation of gas projects, and participates in the Damietta natural gas liquefaction plant. ENI is one of the founding shareholders of UGDC established through the October 2001 Shareholders Agreement.

Scale indicators14 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• QatarEnergy: QatarEnergy operates large-scale NGL recovery and fractionation plants (e.g., at Ras Laffan) processing rich associated gas from Qatar's upstream operations, comparable to UGDC's processing of Nile Delta rich gas. Both are state-linked entities extracting propane, butane, and condensate from national gas streams for export and domestic petrochemical use.
• Saudi Aramco: Saudi Aramco operates extensive NGL processing and fractionation infrastructure tied to its massive gas processing operations, comparable to UGDC's Port Said NGL plant as a national-scale midstream operator. While much larger and broader in scope, Aramco's NGL division is the closest analog in terms of feedgas-to-propane/LPG/condensate economics and government-linked offtake relationships.
• ADNOC (Abu Dhabi National Oil Company): ADNOC operates Habshan and other NGL fractionation complexes that recover propane, butane, and condensate from associated gas for both domestic petrochemicals and global export. Like UGDC, it is a state-linked midstream operator with strategic terminal infrastructure, though at substantially larger scale and integrated with refining/petrochemicals.

Direct peers

• bp Egypt: bp is a UGDC shareholder and produces the majority of Egypt's gas from Nile Delta fields that feed UGDC's plant. While bp operates upstream rather than midstream, its Egyptian gas-processing facilities (e.g., gas conditioning, NGL stabilization) overlap with UGDC's processing scope, and shared feedstock makes it a directly comparable domestic counterparty.
• GASCO (Egyptian Natural Gas Company): GASCO is the operator of the Egyptian National natural gas grid and a founding shareholder of UGDC. It manages similar NGL recovery plants across Egypt and effectively competes with/feeds UGDC in the national NGL value chain. The direct ownership overlap and shared feedstock base make it the closest domestic peer.
• Egyptian Natural Gas Holding Company (EGAS): EGAS is the Egyptian state entity responsible for natural gas activities and a parent/shareholder of GASCO, which is itself a UGDC founding shareholder. EGAS oversees gas processing, NGL handling, and LPG distribution in Egypt, making it the most directly comparable peer from a domestic-Egyptian-midstream perspective.
• ENI Gas Processing/Liquefaction (Egypt): ENI, a UGDC shareholder, operates the Damietta LNG facility adjacent to UGDC's Damietta terminal and processes rich gas streams from the same East Nile Delta offshore concessions. The shared feedstock, shared terminal geography, and shareholder relationship make ENI's Egyptian midstream activities a directly comparable peer.

Regional players

• Sidi Kerir Petrochemicals (SIDPEC): SIDPEC is one of Egypt's leading polypropylene and polyethylene producers, a downstream consumer of propane feedstock similar to EPP (UGDC's anchor customer). As part of the same Egyptian petrochemical value chain that UGDC feeds, SIDPEC is a relevant peer in terms of Egyptian petrochemical/NGL ecosystem dynamics.
• ELNG (Egyptian LNG): Egyptian LNG operates the Idku LNG facility processing gas from Egyptian offshore fields, sharing upstream feedstock relationships and national infrastructure strategy with UGDC. Both are Egyptian midstream gas-processing facilities connected to bp/ENI concessions, though ELNG focuses on LNG rather than NGL fractionation.

Others

• ENPPI (Engineering for the Petroleum and Process Industries): ENPPI is an Egyptian petroleum engineering and EPC contractor that has historically supported UGDC's NGL plant construction, maintenance, and processing facility design. While not an operating competitor, ENPPI is a key service provider in the Egyptian NGL/midstream infrastructure space and a relevant peer from a capability/ecosystem perspective.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ugdco

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 United Gas Derivatives Company