By geography, the largest regional footprint comes from S&RM, followed by South America, Europe and Asia. As already noted, S&RM’s is a different business to that of the other regions: production transport (moving LPG from production terminals to distribution terminals), as opposed to conventional LPG distribution to end-users.

South America’s footprint is roughly equal to that of Asia and Europe combined, thanks to significantly greater transport distances and a cylinder heavy business.