SHV GAS N.V.

What SHV GAS N.V. does

SHV Gas N.V. (operating as SHV Energy) is the largest dedicated global distributor of Liquefied Petroleum Gas (LPG), serving tens of millions of customers across 27 countries with a turnover exceeding €6 billion and a workforce of 14,000. The company is a wholly-owned subsidiary of SHV, a Dutch family-owned organization founded in 1900 with over a century of energy-sector experience. Core operations span the full LPG value chain including import terminals strategically located around EU coastlines, regional depots, inland caverns, and a multi-modal distribution network using water, rail, and road transport without reliance on vulnerable pipelines. LPG is supplied for residential heating, hot water, cooking, and lighting; commercial and industrial power generation and heating; automotive fuel supporting more than 4 million LPG-powered vehicles in Europe; agricultural applications including eco-farming weed control; and remote-area supply via helicopter-delivered transportable tanks.

The company's technology portfolio centers on LPG distribution infrastructure augmented by renewable energy integration products. Notable innovations include the Calor (UK) LPG fuel cell boiler projected to generate about 80% of a rural home's electricity while halving CO2 emissions, the Primagaz (France) Primawatt system combining photovoltaic and propane gas, and the Primagas (Germany) LPG plus solar thermal package with installation, maintenance, and 10-year interest-free financing. Regional subsidiaries including Calor, Primagas, and Primagaz operate under a decentralized model with autonomy to design strategies suited to local market conditions while leveraging parent-level scale.

Revenue is generated primarily through usage-based LPG distribution (hardware sales of cylinders and tanks plus ongoing supply) and automotive refueling infrastructure operations. The business model is volume-driven across highly fragmented residential, commercial, industrial, agricultural, and automotive customer segments, with pricing managed locally by regional subsidiaries in a fully liberalized European LPG market. Sustainability positioning is anchored to EU 20-20-20 climate targets, with LPG marketed as a cleaner-burning transitional fuel (15% less CO2 per kWh than oil, 50% less than coal) and as a low-polluting backup to intermittent renewables.

Name

SHV GAS N.V.

Legal name

SHV Gas

Website

https://whylpg.com

Company type

Private

Founded year

1900

Operating status

Operating

Short description

SHV Gas N.V. (SHV Energy) is the largest dedicated global LPG distributor, serving tens of millions of residential, commercial, industrial, automotive, and agricultural customers across 27 countries with €6 billion+ turnover and integrated import terminal, depot, and cavern infrastructure.

Ownership category

akta.pro rank

Product category

LPG Distribution / Off-Grid Energy Solutions

NAICS

Fuel Dealers (457210), Natural Gas Distribution (22121)

SIC

Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Industrial CNG/LNG Supply & Distribution (Virtual Pipelines, Trucking, Satellite Storage) (EUALALAA)

akta.pro secondary industries

CNG/LNG Refueling for Industrial Fleets (Private Stations, Yard Fueling) (EUALALAK), Off-Grid/Remote Energy Solutions (Mines, Camps, Islands using LNG/CNG) (EUALALAI), Industrial Gas Infrastructure & Metering (Onsite Storage, PRS, Metering, SCADA) (EUALALAH)

Keywords

• LPG distribution
• Off-grid energy solutions
• LNG distribution
• Autogas refuelling
• Propane gas supply

Headquarters

HQ city

Not specified

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. LPG Distribution: Core revenue from distribution of Liquefied Petroleum Gas to tens of millions of customers across 27 countries. Provides LPG for domestic heating, hot water, cooking, lighting, power generation, industrial heating, and automotive use (alternative fuel for vehicles).
2. LPG Cylinder and Tank Sales/Service: Sale and service of LPG storage solutions including refillable cylinders and underground tanks to customers.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels3 records

Core offering

SHV Gas N.V. distributes Liquefied Petroleum Gas (LPG), Liquefied Natural Gas (LNG) and other off-grid energy solutions to residential, commercial and industrial customers across 27 countries. Core activities include sale of LPG for domestic heating, hot water, cooking, lighting, power generation, industrial heating and automotive use, delivered through a network of import terminals, regional depots, inland caverns, refillable cylinders and underground tanks, supported by vehicle refuelling infrastructure and specialised renewable-energy hybrid systems.

Product overview

SHV Gas operates as the largest dedicated global LPG distributor offering a portfolio of energy products and services. Core offerings include LPG distribution for domestic, commercial, industrial, and automotive applications across 27 countries. Supplementary products include renewable energy integration packages (LPG combined with solar thermal and photovoltaic systems), advanced heating technology (fuel cell boilers), and specialized services for remote area supply. Regional subsidiaries include Calor (UK), Primagas (Germany), and Primagaz (France). The company also provides infrastructure for LPG vehicle refueling and agricultural applications.

Differentiator

Problem solved

Functional benefit

Products and services

• LPG (Liquefied Petroleum Gas) Distribution Sale and distribution of Liquefied Petroleum Gas for domestic heating, hot water, cooking, lighting, power generation, industrial heating, and automotive fuel, delivered via cylinders, underground tanks and the SHV terminal/depot network across 27 countries.
• LPG Vehicle Refuelling Infrastructure Safe and reliable LPG refuelling infrastructure for autogas vehicle owners and fleet operators across most European countries, improving local air quality versus petrol and diesel.
• LPG Fuel Cell Boiler (Calor UK) High-efficiency LPG fuel cell boiler for residential rural customers that provides heat while generating approximately 80% of the electricity required by the average rural home, potentially halving CO2 emissions versus conventional systems.
• Primawatt System (Primagaz France) Combined photovoltaic solar and propane gas energy service offered by Primagaz France that lowers customer energy bills by supplying one kilowatt hour of propane for every two kilowatt hours of solar-fuelled electricity.
• LPG + Solar Thermal Heating Package (Primagas Germany) Integrated LPG heating and solar thermal package from Primagas Germany, including qualified installation, annual maintenance checks, and a 10-year interest-free financing option for the solar system.
• Transportable LPG Tank for Agricultural Weed Control Transportable LPG tank connected to tractor-mounted burners, sold and serviced by SHV Energy subsidiaries to eco-farmers as a chemical-free method of weed control.
• Remote Area LPG Supply System (Primagaz Austria) LPG supply system designed by Primagaz Austria for very remote off-grid locations such as mountain lodges, with transportable tanks delivered by helicopter where road access is unavailable.

Quantifiable outcome

• 15% less CO2 per kilowatt hour than oil
• +5 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• DCC plc: Irish-based international energy group whose Flogas division is one of the largest LPG distributors in the UK and Ireland, directly competing with SHV's Calor (UK) and European subsidiaries on residential, commercial and bulk LPG supply.
• UGI International: Europe-focused LPG and energy distributor operating brands such as Antargaz, Campingaz and AmeriGas Europe across 17+ countries. Highly comparable to SHV Gas in business model (bottled/bulk LPG distribution) and geographic footprint.
• Ferrellgas Partners: North American propane distributor with residential, commercial/industrial, and AmeriGas-branded cylinder exchange networks. Comparable LPG distribution platform with overlapping customer use cases.
• Nippon Gas Co., Ltd. Japan's second-largest LPG distributor serving residential and industrial customers. Comparable pure-play LPG retail/distribution model to SHV Gas, though concentrated in a single Asian market.
• Suburban Propane Partners: US-focused retail propane distributor serving residential, commercial, industrial and agricultural customers. Closest US-listed pure-play comparable to SHV Gas's bottled/bulk LPG distribution model.
• Repsol Butano: Repsol's LPG distribution arm serving Spain and Portugal with bottled gas, bulk tanks, and automotive LPG — a direct regional competitor overlapping SHV Gas's Iberian and southern-European markets.
• Iwatani Corporation: Japan's largest LPG distributor and a major industrial-gas player. Comparable pure-play LPG distributor with similar end-market mix (residential, industrial, automotive) and a globally diversified footprint.

Broad incumbents

• Air Liquide: Global industrial-gas leader producing and distributing oxygen, nitrogen, hydrogen and specialty gases. Comparable in industrial-gas logistics and bulk distribution capabilities but operates in a different product category.
• TotalEnergies: Global integrated energy major with an LPG and downstream marketing division. Overlaps with SHV Gas on bulk and bottled LPG sales but as part of a much larger upstream-to-retail portfolio.
• Saudi Aramco: World's largest LPG producer and exporter. Competes indirectly with SHV Gas via global LPG supply/wholesale pricing that sets the cost base for European distributors.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 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 SHV GAS N.V.