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                                                                      Exhibit 21

                          UGI CORPORATION SUBSIDIARIES



SUBSIDIARY                                                                    OWNERSHIP   STATE OF INCORPORATION
- ----------                                                                    --------    ----------------------
                                                                                    
AMERIGAS, INC.                                                                     100%          PA
     FOUR FLAGS DRILLING COMPANY, INC.                                             100%          PA
         Four Flags Holding Company                                                100%          DE
     AMERIGAS PROPANE, INC. *                                                      100%          PA
         AmeriGas Partners, L.P.                                                    (1)          DE
              AmeriGas Finance Corp.                                               100%          DE
              AmeriGas Propane L.P.                                            98.9899%          DE
                  AmeriGas Propane Parts & Service, Inc.                           100%          PA
                  Petrolane Offshore Limited                                       100%          BERMUDA
         AmeriGas Technology Group, Inc.                                           100%          PA
         Petrolane Incorporated                                                    100%          PA
ASHTOLA PRODUCTION COMPANY                                                         100%          PA
     UGI ETHANOL DEVELOPMENT CORPORATION                                           100%          PA
NORTHFIELD HOLDING COMPANY                                                         100%          DE
UGI ENTERPRISES, INC.                                                              100%          PA
     CFN ENTERPRISES, INC.                                                         100%          DE
         CF Networks LLC                                                            60%          DE
     EASTFIELD INTERNATIONAL HOLDINGS, INC.                                        100%          DE
                  Flaga GmbH                                                       100%          AUSTRIA
                     Flaga Energievorsorgung                                       100%          GERMANY
                     Flaga Plyn, spol. s r.o.                                      100%          CZECH REPUBLIC
                     Flaga Slovplyn, spol. s r.o.                                  100%          SLOVAKIA
                     Flaga Tech Trade GmbH                                         100%          AUSTRIA
                     Osterreichische Flussiggas-Gesellschaft m.b.H.                 40%          AUSTRIA
                     T.S.G.- Transport - und Speditionsgesellschaft m.b.H.          50%          AUSTRIA
                     G.T.P. Gas Trans Praha spol. s r.o.                            60%          CZECH REPUBLIC
                     GTE Gastrans-Erfurt-GmbH                                       90%          GERMANY
     EUROGAS HOLDINGS, INC.                                                        100%          DE
     UGI ENERGY SERVICES, INC.                                                     100%          PA
         Energy Services Holding Company                                           100%          DE
     UGI POWER SUPPLY, INC.                                                        100%          PA
     UGI INTERNATIONAL ENTERPRISES, INC.                                           100%          PA
     UGI BLACK SEA ENTERPRISES, INC.                                               100%          PA
     UGI INTERNATIONAL (ROMANIA), INC.                                             100%          PA
     UGI ROMANIA, INC.                                                             100%          PA
     UGI INTERNATIONAL (CHINA), INC.                                               100%          DE
     UGI CHINA, INC.                                                               100%          DE
     UGI SOUTHWEST CHINA DEVELOPMENT COMPANY, LLC                                  100%          DE
     HEARTH USA, INC.                                                              100%          DE
        UGI HVAC ENTERPRISES, INC.                                                 100%          DE
UGI PROPERTIES, INC.                                                               100%          PA
UGI UTILITIES, INC.                                                                100%          PA
     UGI DEVELOPMENT COMPANY                                                       100%          PA
               UGID Holding Company                                                100%          DE
               UGI Hunlock Development Company                                     100%          PA
UNITED VALLEY INSURANCE COMPANY                                                    100%          VT
VULCAN ACQUISITION CORP.                                                           100%          DE


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(1) AmeriGas Propane, Inc. and its subsidiary, Petrolane Incorporated, hold a
combined 55% interest in AmeriGas Partners, L.P. and its subsidiary AmeriGas
Propane, L.P.

* Sole General Partner of each of AmeriGas Partners, L.P. and AmeriGas Propane,
L.P.