Under the Radar: From gas cylinders to EV charging – Union Gas Holdings on diversifying service offerings as customers tap the electrification trend

The Evening Runway with Hongbin Jeong, Roshan Gidwani and Chua Tian Tian

Remember the days when the gas delivery man would come to our homes to switch out our gas tanks or gas cylinders?

That’s probably becoming a thing of the past, making today’s “Under The Radar” conversation all the more meaningful.

With over 40 years of operating track record, our guest Union Gas Holdings is an established provider of fuel products in Singapore. The company's key businesses consist of Retail Liquefied Petroleum Gas, Compressed Natural Gas and Diesel.

The SGX mainboard listed company is also said to be one of the leading suppliers of liquefied petroleum gas in Singapore.

It has a fleet of over 200 vehicles serving more than 200,000 domestic households as well as commercial entities such as hawker centres, eating houses, coffee shops and commercial central kitchen.

Assets-wise, the Group owns LPG storage depots as well as two out of four bottling LPG bottling plants in the island, giving it full control of the supply chain from procurement to bottling, storage, distribution, wholesaling and retailing.

Union Gas is an interesting company to look at particularly as households and F&B operators increasingly hop onto the green bandwagon, opting for electric stoves versus using gas stoves.

What does this mean for the firm when it boils down to demand for gas cylinders and cooking gas, and how is it switching up its portfolio offerings to prepare for a cleaner future?

Speaking of which, Union Gas Holdings had in April this year expanded its offerings to provide electric vehicle charging services through a partnership with Hong Kong-based charging service provider Deltrix. But what can we expect on this front?

Also – how will moving away from traditional fuel sources also help the firm mitigate volatilities with oil and gas prices given ongoing geopolitical tensions in key supply markets?

On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Alexis Teo, General Manager, Union Gas.

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