Petroport S.A.

What Petroport S.A. does

Petroport S.A. is a private Panamanian midstream LPG company, incorporated in 1994 and operating since 1996 under Contract No. 81 with the National Government for a Fuel Free Zone at Isla Telfer, Colón. The company is a subsidiary of the TRENCO Group and operates as the largest LPG terminal in Panama, with 30 storage tanks designed under ASME BPVC Section VIII (maximum working pressure 250 psi at 125°F), totaling 85,714 BBLS of storage capacity and average throughput of 110,000 BBLS/month. Its technical infrastructure includes positive displacement pumping systems, vapor compressors, ethyl mercaptan odorant injection for regulatory compliance, automated filling control systems, and a central emergency shutdown system; six dispatch bays handle commercial butane and two handle HD-5 propane for vehicular fuel, with 24/7 operations.

Petroport's service portfolio covers the full LPG logistics chain: marine unloading of LPG from vessels and barges at Pier 16 in Cristóbal (administered by Panama Ports Company S.A.), bulk storage in ASME-compliant tanks, and dispatch to tanker trucks and marine vessels. Butane accounts for 70% of plant movement, with the balance split between commercial propane and HD-5 propane for autogas applications. The company holds ISO 9001:2015 certification (originally ISO 9001:2008 in December 2016, re-certified in 2018) for the logistics of supply, discharge, storage, and dispatch of hydrocarbons.

The revenue model is B2B transaction-fee-based, with revenue generated through throughput fees, storage charges, and handling fees on volumes processed. Pricing is quote-based and not publicly disclosed, with services delivered under multi-year contracts to enterprise customers — primarily Panamanian domestic LPG distributors operating tanker truck fleets and vessel operators. The company is led by General Manager Aristides Chiriatti (formerly of Chevron Latin America) and operates with approximately 100 direct and indirect employees, serving exclusively the Panamanian domestic market.

Name

Petroport S.A.

Legal name

Petroport S.A.

Website

https://petroport.net

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

Petroport S.A. is a private Panamanian midstream LPG terminal operator serving Panama's domestic market. It provides LPG vessel unloading, bulk storage (85,714 BBLS across 30 ASME tanks), and 24/7 dispatch to tanker trucks and marine vessels from its Isla Telfer facility and Pier 16.

Ownership category

akta.pro rank

Product category

LPG Terminal Services

NAICS

Port and Harbor Operations (48831), Port and Harbor Operations (488310)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

LPG / NGL Terminals (Pressurized/ Refrigerated Gas) (TLAHABAK)

akta.pro secondary industries

NGL/LPG Storage & Fractionation Terminals (TLAGAKAE), NGL/LPG Pipeline Storage & Terminaling (Caverns, Bullet Tanks, Tank Farms) (TLAGAEAM), Marine/Port-Connected Pipeline Terminals (Dock/Jetty Tank Farms) (TLAGAKAL)

Keywords

• LPG terminal operations
• Liquefied petroleum gas storage
• Hydrocarbon logistics services
• Fuel terminal dispatch
• Bulk LPG handling

Headquarters

HQ city

Panama City

HQ country

Panama

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. LPG Storage and Terminal Services: Provides logistics services for supply, discharge, storage, and dispatch of hydrocarbons (LPG). Services include unloading from vessels and barges, bulk storage in tanks, and dispatch to tanker trucks and vessels. Revenue is generated through throughput fees, storage charges, and handling fees based on volume processed.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Petroport S.A. operates a private LPG (liquefied petroleum gas) terminal located on Isla Telfer in the Port of Colón, Panama, providing reception, storage, and dispatch services for butane, propane, and HD-5 propane. The terminal receives LPG from tanker vessels and barges, stores the product across 30 ASME-compliant tanks with a total capacity of 85,714 barrels, and dispatches it via tanker trucks and marine vessels through Pier 16.

Product overview

Petroport S.A. is a private Panamanian LPG terminal and logistics company operating a single unified facility with multiple interconnected services. The core offering is the LPG Terminal with 85,714 BBLS storage capacity, supporting three product types: Commercial Butane, Commercial Propane, and HD-5 Propane (used as vehicular fuel). Services include LPG unloading from vessels via pier facilities, storage in ASME-compliant tanks, and dispatch to tanker trucks and vessels. The company operates Pier 16 berth positions for marine receipt and dispatch of products. All services are integrated through centralized operations and automated control systems.

Differentiator

Problem solved

Functional benefit

Products and services

• LPG Terminal Storage and Handling End-to-end terminal service for liquefied petroleum gas (LPG), including unloading from tanker vessels and/or barges, bulk storage across 30 ASME BPVC Section VIII tanks with a total capacity of 85,714 barrels, and dispatch to customers by truck or vessel at Pier 16, Isla Telfer, Port of Colón, Panama. Designed for commercial LPG distributors, marketers, and industrial gas users requiring reliable import, storage, and distribution infrastructure in Panama.
• LPG Reception from Tanker Vessels and Barges Marine unloading service that receives butane, propane, and HD-5 propane from LPG tanker vessels and/or barges at Pier 16 of the terminal, handling the transfer from ship to onshore storage tanks. Targeted at international LPG traders and shipping operators importing product into Panama.
• LPG Dispatch to Tanker Trucks Automated filling and dispatch service that loads LPG into tanker trucks from the terminal's storage tanks, with odorant injection (ethyl mercaptan) handled by the automated filling control system, serving road-based LPG distributors and industrial consumers in Panama.
• LPG Dispatch to Tanker Vessels and Barges Loading service for LPG onto tanker vessels and/or barges from Pier 16, supporting both domestic marine distribution and re-export of LPG cargoes from Panama's Atlantic port facilities.

Quantifiable outcome

• 110,000 BBLS/month throughput capacity
• +2 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

Feature5 records

Partnerships

Five partnerships are on record, tiered core, flagship and minor.

• MEDUCA (Ministerio de Educación de Panamá)coreStrategic or Co-development Partner · 1 January 2013Cooperation agreement for Project HUELLAS - PetroPort-MEDUCA Training and Motivation Program targeting students, teachers, and parents in Colón. Includes keynote conferences on education and personal development. Since 2013, has motivated more than 2,500 students, 300 parents, and 200 teachers.
• Panama Ports Company, S.A.coreStrategic or Co-development PartnerPanama Ports Company administers and operates Pier 16 facilities in Cristóbal where Petroport maintains berth positions. This partnership enables reception and dispatch of LPG products via marine vessels.
• Panama Canal AuthoritycoreStrategic or Co-development PartnerPanama Canal Authority pilots conduct berthing maneuvers at Pier 16 facilities. Essential operational partnership for marine vessel operations.
• Fundación TrencoflagshipOthersFundación Trenco is the corporate social responsibility vehicle for TRENCO group companies. Petroport is a subsidiary of the TRENCO group. Foundation focuses on sustainable development projects in environment, education, and sports in Panama.
• SGS PanamaminorImplementation/ SI/ Consulting PartnerSGS Panama conducted the ISO 9001 certification audit on behalf of UKAS and recommended Petroport for certification.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Targa Resources: Targa Resources is a major US midstream company with LPG/NGL storage, fractionation, and terminaling operations along the Gulf Coast. Comparable as a broader LPG/NGL storage incumbent, though significantly larger and focused on US Gulf value chains that supply Panama.
• Vopak: Vopak is a global tank storage leader operating terminals for oil, chemicals, and gas products including LPG. Comparable as a broad-incumbent peer in third-party bulk liquid storage and terminaling, serving similar midstream logistics customers but at global scale.
• Oiltanking (MOL Group): Oiltanking is a global independent tank storage operator with terminals handling LPG, chemicals, and petroleum products worldwide. Comparable as a bulk liquid storage incumbent; though it operates at much larger scale and a broader product mix than Petroport's single-asset LPG terminal.

Regional players

• Zeta Gas: Zeta Gas operates LPG storage, bottling, and distribution across Central America (Honduras, Nicaragua, El Salvador, Guatemala), making it a directly comparable regional LPG terminal and distribution peer to Petroport's Panamanian LPG operations.
• Gasco (Chile): Gasco is one of Chile's largest LPG distributors, operating storage terminals, bottling plants, and bulk distribution networks. Comparable to Petroport as a regional LPG logistics and storage operator with similar B2B and B2C LPG delivery operations.
• Ultragas (Colombia/Latin America): Ultragas is a regional LPG distribution and storage operator in Colombia and other Latin American markets. Comparable to Petroport as a regional LPG logistics peer with similar storage-and-distribution business model in the Andean/Central American region.
• Gas Tomza: Gas Tomza is one of Mexico's largest LPG distributors, operating storage terminals and bulk distribution networks. Comparable to Petroport as a regional LPG logistics and storage operator serving B2B and B2C customers in Latin America.
• Supergasbras (Ultragaz / Ultrapar): Supergasbras is the largest LPG distribution company in Brazil, operating extensive storage terminals and bulk distribution similar to Petroport's LPG terminal model. Comparable as a regional LPG logistics and distribution operator in Latin America.

Direct peers

• Tropigas (Grupo TROPIGAS / Consolidated Energy): Tropigas is a leading LPG distributor in Panama and the broader Central American/Caribbean region, operating storage and distribution infrastructure closely parallel to Petroport's LPG terminal business. As Petroport's sister company under the TRENCO group umbrella, it is the most directly comparable peer.

Emerging players

• STATS Group / Panama-based midstream operators: Emerging midstream and storage operators in Panama and the Canal adjacency — including niche LPG re-export and bunker services — overlap with Petroport's market. Petroport itself is one of the few scaled LPG terminals in the country, and adjacent regional entrants can be benchmarked against it.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/petroport-s-a-

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Petroport S.A.