The growth reflects LipiAndes’ heightened sales volumes and strategic expansion beyond its Chilean base, where 76.7% of EBITDA continues to be generated. Colombia and Peru contributed 13.6% and 9.7% respectively, marking steady progress toward the group’s 2030 goal of generating 25% of its EBITDA outside Chile. Recent steps include LipiAndes’ entrance into Ecuador with a 70% acquisition of NEVO, a key player in liquefied natural gas (LNG) importation and distribution, solidifying the company’s footprint in four South American countries.
Performance within the individual markets showed strong momentum. Chile’s EBITDA posted a 10.4% rise driven by increased natural gas sales. In Colombia, EBITDA surged 35%, fueled by higher sales volumes, improved margins in gas networks, and a robust internet services unit. Meanwhile, Peru’s EBITDA grew 24.2%, primarily due to greater natural gas volumes. These advances reflect a balanced growth model integrating various gas products and expanding electricity-related businesses, which now represent 8% of the consolidated EBITDA.
Gas sales volumes through September 2025 totaled nearly 692,000 tons equivalent of liquefied petroleum gas (LPG), a 1.6% increase over 2024, supported by growth in Colombia’s LPG market and rising natural gas consumption in Chile and Peru. Importantly, 18% of total sales by volume were natural gas (including compressed, liquefied, and pipeline gas), an increase aligned with LipiAndes’ strategy to diversify beyond traditional LPG offerings, which make up the remaining 82%.
Beyond financial metrics, the company has advanced operational initiatives to align with sustainable energy trends. It has been enhancing its infrastructure for liquefied natural gas (LNG) fueling stations geared towards long-distance heavy cargo transport in Chile and Peru, with new station openings this year. LipiAndes is also preparing to market South America’s first bio-LNG, a renewable fuel made from organic matter, produced at its upcoming facility in Chile’s Ñuble region. This positions the group at the forefront of low-carbon fuels in the region, complementing its target to reach full carbon neutrality in operations by 2030.
Ángel Mafucci, general manager of LipiAndes, emphasized the company’s dual focus on geographic expansion and energy transition: “Our diversification strategy is delivering concrete results, bringing innovative, competitive, and sustainable energy solutions to Latin America. We see significant growth opportunities as we continue developing cleaner fuel alternatives, supporting individuals, industries, and transport sectors in moving toward a more sustainable energy matrix.”
With a solid year-over-year EBITDA growth—from $121.8 billion pesos in the same period of 2024 to $139.4 billion in 2025—LipiAndes is consolidating its leadership in the South American gas market. The enterprise operates well-known subsidiaries such as Lipigas and EVOL in Chile, Limagas GLP and Limagas Natural in Peru, and the Group Gas País in Colombia. The combination of enhanced market penetration, infrastructure investments, and sustainable fuel initiatives charts a clear trajectory aimed at aligning business growth with the continent’s evolving energy landscape.
As Latin America confronts rising energy demand amid broader decarbonization efforts, LipiAndes’ expansion and innovation reflect wider industry trends seeking to balance economic resilience with environmental responsibility. The group’s integrated approach—encompassing both traditional liquefied petroleum gas and cleaner natural gas variants including bio-LNG—demonstrates its commitment to remain competitive and relevant in a rapidly changing energy environment.
This article was curated and published as part of our South American energy market coverage.
