Repsol

Liquefied Petroleum Gas (LPG)

The company is the leader in LPG due to its operational excellence in key markets. It has become the top LPG operator in Spain and Latin America and the 4th world-wide.

The company operates in nine countries in Europe and Latin America. LPG sales in 2010 rose to 3.108 million tons, representing an increase of 3.8% over 2009. For their part, total sales in Spain grew by 0.9% compared with the previous year. 

Repsol distributes bottled, bulk, and piped LPG in Spain through collective distribution networks and has more than 10 million bottled LPG customers who are supplied through a network of 243 distribution agencies.

Bottled LPG sales accounted for
61% of total retail LPG sales in Spain in 2010.

LPG margins in 2010 were lower than the previous year, in particular in the bottled gas channel in Spain, due to the modification of the pricing system by the Spanish Ministry of Industry, Tourism and Trade in September 2009. According to the new formula, 25% of the price to be applied in the forthcoming quarter would be linked to international prices at the end of the previous quarter and the remaining 75% would depend on the maximum price prevailing at the end of the quarter just ending.

In Portugal, Repsol distributes bottled and bulk LPG to end customers and supplies other operators. In 2010 it recorded sales of 162,000 tons, making the company the third largest operator with a market share of 21%. In Latin America, Repsol is the leader in LPG distribution in Argentina, Ecuador, Peru and Chile. It markets bottled and bulk LPG in Argentina to the residential, commercial, and industrial sectors, with sales totalling 332,000 tons.

LPG sales volumes

• Annual Report 2010
• LPG        

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