UGI announces the sale of its UK energy marketing business

VALLEY FORGE, Pa.–(BUSINESS WIRE). At the date of the agreement, this company, operating as AvantiGas ON, was supplying natural gas to approximately 13,000 Business Meter Points on the UK gas network.

Beth Reid, Vice President – ​​​​Growth & Transformation, UGI International said: “In connection with UGI’s strategic review of its European energy marketing business, we were pleased to enter into an agreement to divest our natural gas marketing operations in the UK. The strategic review of the remaining energy distribution businesses in France, Belgium and the Netherlands is ongoing. With the sale of the UK Energy Marketing business and the natural expiry of existing contracts, we expect a 20-25% volume decrease in FY2023 as we continue to advance the strategic review of the remaining Energy Marketing activities.”

About UGI Corporation

UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, natural gas utilities in West Virginia, sells LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio and West Virginia, and power generation assets in Pennsylvania and is engaged in energy commercialization, including renewable natural gas, in the mid-Atlantic region of the United States and California, and internationally in France, Belgium, the Netherlands and the United Kingdom.

Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.

About UGI International

UGI International, a subsidiary of UGI Corporation, is a leading LPG distributor operating in 17 European countries and serving a customer base of approximately 615,000 end users. UGI International markets under multiple brands including AmeriGas, Antargaz, AvantiGas, DVEP Energie, Flaga, Kosan Gas and UniverGas. In 2021, UGI International served customers in broad markets such as commercial and industrial, domestic, agricultural, LPG and aerosol and distributed 1.7 million tonnes of LPG.

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