CNG, LPG and biogas distribution: Value chain

From Aramco's price list to the cylinder at your door

From Aramco's price list to the cylinder at your door What this tab covers Who does what, from equipment makers to builders, owners, operators, traders and users, with the leading companies at each step.

Gas processors and refiners make LPG; terminals and shipowners move it; bottlers and distributors fill and deliver cylinders. CNG and biomethane go through city gas companies and grid operators.

The chain

Cylinder and module makers LPG supply and price setting Export terminals LPG shipping Bottling and distribution City gas and CNG retail

Stage	What happens	Leading companies
Cylinder and module makers	Pressure vessels for CNG transport and vehicles	Hexagon Agility (Norway/US) Luxfer (UK/US)⁷¹⁶
LPG supply and price setting	Separate propane and butane from gas processing and refining; Aramco's monthly contract prices are the benchmark for Middle East cargoes	Saudi Aramco (Saudi Arabia) US Gulf Coast gas processors (US)¹¹⁴
Export terminals	Chill and load LPG onto ships	Enterprise Products (US) Energy Transfer (US)¹³¹⁴
LPG shipping	Own and operate gas carriers	BW LPG (Singapore/Norway)²
Bottling and distribution	Fill cylinders and deliver them through distributor networks	Indian Oil, Indane brand (India)¹⁵
City gas and CNG retail	Build CNG stations and piped networks	Indraprastha Gas (India) Gujarat Gas (India) Mahanagar Gas (India) Adani Total Gas (India)⁶

The US produced about 110 Mt of LPG in 2024, about twice the Middle East's 52.5 Mt, but Gulf cargoes dominate Asian supply. India consumed 33.15 Mt in 2025, mostly for cooking; Indian Oil says its Indane brand serves nearly 180 million kitchens and that it is the world's second-largest LPG marketer. Among city gas companies, Indraprastha Gas and Gujarat Gas run the most CNG stations (calculated by summing PNGRB returns).

Sources

Q&A: Global LPG growth defies 2024 headwinds (on the WLGA and Argus Statistical Review of Global LPG 2025) Argus Media, 2025
Q4 2025 Earnings Presentation BW LPG, 2026
City Gas Distribution MIS as on 31.10.2025 PNGRB, 2025
Mobile Pipeline X-STORE ADR gas modules datasheet Hexagon Agility, 2025
LPG trade growth will be curbed in 2025 due to US terminal capacity limitations Drewry, 2025
LPG: View of the markets, November 2025 Argus Media, 2025
50 years of Indane Indian Oil Corporation, 2025
G-Stor Go Type 4 CNG cylinders Luxfer Gas Cylinders, 2025