# CNG, LPG and biogas distribution: Value chain

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

Source page: https://www.materialinsights.org/energy/e_cng_lpg/valuechain/

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)^[7](https://www.cngservices.co.uk/wp-content/uploads/HA-MP_XSTORE-3_2025-final.pdf)^[16](https://luxfercylinders.com/product/g-stor-go-type-4) |
| **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)^[1](https://www.argusmedia.com/en/news-and-insights/latest-market-news/2732380-q-a-global-lpg-growth-defies-2024-headwinds)^[14](https://www.argusmedia.com/en/news-and-insights/market-opinion-and-analysis-blog/global-lpg-market-outlook-november) |
| **Export terminals** | Chill and load LPG onto ships | Enterprise Products (US) Energy Transfer (US)^[13](https://www.drewry.co.uk/maritime-research-opinion-browser/lpg-trade-growth-will-be-curbed-in-2025-due-to-us-terminal-capacity-limitations)^[14](https://www.argusmedia.com/en/news-and-insights/market-opinion-and-analysis-blog/global-lpg-market-outlook-november) |
| **LPG shipping** | Own and operate gas carriers | BW LPG (Singapore/Norway)^[2](https://www.bwlpg.com/media/events/q4-2025-earnings-presentation/) |
| **Bottling and distribution** | Fill cylinders and deliver them through distributor networks | Indian Oil, Indane brand (India)^[15](https://iocl.com/pages/indane-cooking-gas-overview) |
| **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](https://pngrb.gov.in/data-bank/20251031-CGD-MIS.pdf) |

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

1. [Q&A: Global LPG growth defies 2024 headwinds (on the WLGA and Argus Statistical Review of Global LPG 2025)](https://www.argusmedia.com/en/news-and-insights/latest-market-news/2732380-q-a-global-lpg-growth-defies-2024-headwinds) Argus Media, 2025
2. [Q4 2025 Earnings Presentation](https://www.bwlpg.com/media/events/q4-2025-earnings-presentation/) BW LPG, 2026
3. [City Gas Distribution MIS as on 31.10.2025](https://pngrb.gov.in/data-bank/20251031-CGD-MIS.pdf) PNGRB, 2025
4. [Mobile Pipeline X-STORE ADR gas modules datasheet](https://www.cngservices.co.uk/wp-content/uploads/HA-MP_XSTORE-3_2025-final.pdf) Hexagon Agility, 2025
5. [LPG trade growth will be curbed in 2025 due to US terminal capacity limitations](https://www.drewry.co.uk/maritime-research-opinion-browser/lpg-trade-growth-will-be-curbed-in-2025-due-to-us-terminal-capacity-limitations) Drewry, 2025
6. [LPG: View of the markets, November 2025](https://www.argusmedia.com/en/news-and-insights/market-opinion-and-analysis-blog/global-lpg-market-outlook-november) Argus Media, 2025
7. [50 years of Indane](https://iocl.com/pages/indane-cooking-gas-overview) Indian Oil Corporation, 2025
8. [G-Stor Go Type 4 CNG cylinders](https://luxfercylinders.com/product/g-stor-go-type-4) Luxfer Gas Cylinders, 2025

## Other sections

- [Summary](https://www.materialinsights.org/energy/e_cng_lpg/index.md)
- [Overview](https://www.materialinsights.org/energy/e_cng_lpg/overview/index.md)
- [Correlation](https://www.materialinsights.org/energy/e_cng_lpg/correlation/index.md)
- [How it works](https://www.materialinsights.org/energy/e_cng_lpg/explain/index.md)
- [Efficiency and losses](https://www.materialinsights.org/energy/e_cng_lpg/efficiency/index.md)
- [Technology advances](https://www.materialinsights.org/energy/e_cng_lpg/advances/index.md)
- [Geopolitics and regulation](https://www.materialinsights.org/energy/e_cng_lpg/geopolitics/index.md)
- [Unit economics](https://www.materialinsights.org/energy/e_cng_lpg/economics/index.md)
- [Impact on the biosphere](https://www.materialinsights.org/energy/e_cng_lpg/biosphere/index.md)
- [Relationships](https://www.materialinsights.org/energy/e_cng_lpg/links/index.md)