EXHIBIT 21
SUBSIDIARIES OF UGI CORPORATION
SUBSIDIARY | OWNERSHIP | STATE OF INCORPORATION |
| AMERIGAS, INC. | 100% | PA |
| AMERIGAS PROPANE, INC. | 100% | PA |
| AmeriGas Partners, L.P. | (1) | DE |
| AmeriGas Finance Corp. | 100% | DE |
| AmeriGas Eagle Finance Corp. | 100% | DE |
| AP Eagle Finance Corp. | 100% | DE |
| AmeriGas Finance LLC | 100% | DE |
| AmeriGas Propane, L.P. | (2) | DE |
| AmeriGas Propane Parts & Service, Inc. | 100% | PA |
| Heritage Energy Resources, LLC | 100% | OK |
| M-P Oils, Ltd. | 100% | CANADA |
| AmeriGas Eagle Holdings, Inc. (CP Holdings, Inc.) | 100% | DE |
| AmerE Holdings, Inc. | 100% | DE |
| Active Propane of Wisconsin, LLC | 100% | DE |
| 902 Gilbert Street, LLC | 100% | NC |
| Metro Lawn, LLC | 100% | DE |
| AmeriGas Technology Group, Inc. | 100% | PA |
| Petrolane Incorporated | 100% | PA |
| FOUR FLAGS DRILLING COMPANY, INC. | 100% | PA |
| ASHTOLA PRODUCTION COMPANY | 100% | PA |
| UGI ETHANOL DEVELOPMENT CORPORATION | 100% | PA |
| NEWBURY HOLDING COMPANY | 100% | DE |
| UGI ENTERPRISES, INC. | 100% | PA |
| EASTFIELD INTERNATIONAL HOLDINGS, INC. | 100% | DE |
| EUROGAS HOLDINGS, INC. | 100% | DE |
| UGI BLACK SEA ENTERPRISES, INC. | 100% | PA |
| UGI CHINA, INC. | 100% | DE |
UGI ENERGY SERVICES, LLC (d/b/a UGI EnergyLink, d/b/a GASMARK® and d/b/a POWERMARK) | 100% | PA |
| Energy Services Funding Corporation | 100% | DE |
| Hellertown Pipeline Company | 100% | PA |
| Homestead Holding Company | 100% | DE |
| UGI Asset Management, Inc. | 100% | DE |
| UGI Development Company | 100% | PA |
| UGID Holding Company | 100% | DE |
| UGI Hunlock Development Company | 100% | PA |
| UGI LNG, Inc. | 100% | DE |
| UGI Marcellus, LLC | 100% | DE |
| UGI Storage Company | 100% | PA |
| UGI PennEast, LLC | 100% | DE |
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SUBSIDIARY | OWNERSHIP | STATE OF INCORPORATION |
| PennEast Pipeline Company, LLC | 20% | DE |
| UGI HVAC ENTERPRISES, INC. | 100% | DE |
| UGI INTERNATIONAL (CHINA), INC. | 100% | DE |
| UGI INTERNATIONAL (ROMANIA), INC. | 100% | PA |
| UGI INTERNATIONAL ENTERPRISES, INC. | 100% | PA |
| UGI Europe, Inc. | 100% | DE |
| UGI International Holdings BV | 100% | NETHERLANDS |
| Flaga GmbH (3) | 100% | AUSTRIA |
| Flaga Supply and Services GmbH (Austria) | 100% | AUSTRIA |
| Kosan Gas A/S | 100% | DENMARK |
| Kosan Gas Sverige AB | 100% | SWEDEN |
| Kosan Gas Norge A/S | 100% | NORWAY |
| Kosan Gas Finland Oy | 100% | FINLAND |
| Flaga Suisse GmbH | 100% | SWITZERLAND |
| Zentraleuropa LPG Holding GmbH | 100% | AUSTRIA |
| AmeriGas Polska Sp. z.o.o. | 100% | POLAND |
| Flaga GPL Romania S.r.l. | 100% | ROMANIA |
| SC Carpatgas S.R.L. | (4) | ROMANIA |
| Flaga LPG SA | 77.99% | ROMANIA |
| Flaga s.r.o. | 100% | CZECH REPUBLIC |
| ECO Energy Service s.r.o. | (5) | CZECH REPUBLIC |
| Propantrans s.r.o. | 50% | CZECH REPUBLIC |
| Flaga spol s.r.o. | 100% | SLOVAKIA |
| ECO Energy Service spol s.r.o. | 100% | SLOVAKIA |
| Flaga Gaz Magyarorszag Kft. | 100% | HUNGARY |
| UGI Bordeaux Holding | 100% | FRANCE |
| Antargaz Belgium N.V. | (6) | BELGIUM |
| Antargaz Nederland B.V. | 100% | NETHERLANDS |
| Antargaz Luxembourg S.A. | 100% | LUXEMBOURG |
| Gasbottling N.V. | (7) | BELGIUM |
| Energy Sud S.A. | (8) | BELGIUM |
| AGZ Holding | 100% | FRANCE |
| Antargaz (9) | 100% | FRANCE |
| Aquitaine Rhone Gaz | 100% | FRANCE |
| Gaz Energie Distribution | 100% | FRANCE |
| Norgal | 52.66% | FRANCE |
| Rhone Gaz | 50.62% | FRANCE |
| Sigap Ouest | 66% | FRANCE |
| Sobegal | 72% | FRANCE |
| Gie Donges | 50% | FRANCE |
| Cobogal | 15% | FRANCE |
| SP Queven | 50% | FRANCE |
| Geovexin | 44.9% | FRANCE |
| Groupement Technique Citernes | 16.67% | FRANCE |
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SUBSIDIARY | OWNERSHIP | STATE OF INCORPORATION |
| Geogaz - Lavera | 16.67% | FRANCE |
| UGI Midlands Limited | 100% | UNITED KINGDOM |
| AvantiGas Limited | 100% | UNITED KINGDOM |
| Amazon Gas Limited | 100% | UNITED KINGDOM |
| Avanti Renewables Limited | 50% | UNITED KINGDOM |
| UGI ROMANIA, INC. | 100% | PA |
| UGI PROPERTIES, INC. | 100% | PA |
| UGI UTILITIES, INC. | 100% | PA |
| OPERATION SHARE ENERGY FUND | 100% | PA |
| UGI ENERGY VENTURES, INC. | 100% | DE |
| UGI PENN NATURAL GAS, INC. | 100% | PA |
| UGI Penn HVAC Services, Inc. | 100% | PA |
| UGI CENTRAL PENN GAS, INC. | 100% | PA |
| UGI Central Penn Propane, LLC | 100% | PA |
| UGI Petroleum Products of Delaware, Inc. | 100% | DE |
| UGI STONERIDGE I, LLC | 100% | DE |
| UGI Stoneridge II, LLC | 100% | DE |
| UNITED VALLEY INSURANCE COMPANY | 100% | VT |
| (1) | AmeriGas Propane, Inc. and its subsidiary, Petrolane Incorporated, hold a combined 26% (approx.) interest in AmeriGas Partners, L.P. |
| (2) | 1.0101% owned by AmeriGas Propane, Inc., the General Partner, 98.8899% owned by AmeriGas Partners, L.P., a Limited Partner and 0.1% owned by AmeriGas Eagle Holdings, Inc., a Limited Partner. |
(3) A nominal share is held by Reinhard Schoëdlbauer.
(4) 99.996% owned by Flaga GPL Romania S.R.L. and .0004% owned by Zentraleuropa LPG Holding GmbH.
(5) 90% owned by Flaga s.r.o. and 10% owned by ECO Energy Service spol s.r.o.
(6) .09% owned by UGI Bordeaux Holding and 99.91% owned by AGZ Holding.
(7) 99.5% owned by Antargaz Belgium N.V. and .5% owned by Antargaz Luxembourg S.A.
(8) 90% owned by Antargaz Belgium N.V. and 10% owned by Antargaz Luxembourg S.A.
(9) A nominal share is held by each of Lon R. Greenberg, Matthew A. Woodward, Eric Naddeo, Monica M. Gaudiosi, Kirk R. Oliver, John L. Walsh, and HC Conseil SARL ( Mr. Hervé Couffin).
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