S.E.T. Select Energy GmbH (SET) was founded in Hamburg in 1985 and can look back on more than 35 years of experience, success and solid reputation in the international oil and energy markets. SET is an independent, private and family-owned medium-sized energy trading company based in Hamburg. We entertain offices, subsidiaries, participations and partnerships in various countries.
1985: Company was founded in Hamburg by Thure von Wahl and Christian von Ziegner as an oil trading company.
1990: Expansion into early-days pre export financing facilities with various CIS countries and investments into downstream activities in Germany (NB Propangas Service GmbH).
2000: Extensive business with Russia, opening of Moscow office, incorporation of Central Energy AG and Select Energy Poland, establishment of an own shipping company, investments in gasoline stations and oil terminals.
2010: Selected expansions into Asia and Africa and development of business relationships in South East Europe.
2020: Reorganisation and consolidation of SET Group companies, implementation of management succession to the next generation and setting the fundament for the next decades in the global energy markets.
Since SET’s foundation in 1985, we established ourselves as an internationally recognized energy trading group. We are active along the entire value chain of today’s energy markets and trade, source, transport, store, finance, hedge, wholesale and retail various energy commodities.
Our Headquarter is located in Hamburg, Germany. We have offices, subsidiaries and a wide network around the world - S.E.T. Group
We source, refine, transport, store, finance, hedge and retail energy commodities. We have specialized teams, trusted partner networks, proven and flexible processes and a differentiated business model. We concentrate on our customers business needs and react quickly, professionally and pragmatically. For our customers we are active across many energy products and countries.
S.E.T. has always developed innovative business models leveraging its diverse partner network and energy know-how. Considering the dynamic developments in today energy markets, we are systematically identifying and internally developing adjacent business models and projects (i.a. Hydrogen, Clean Diesel, Synthetic Fuels, e-mobility focusing on new and sustainable energy sectors) in our key markets.
We control and have access to strategic storage capacity for aggregation, blending and marketing to our clients.
We trade energy commodities for more than 35 years and thereby service our trusted network of suppliers, customers and partners so they can fulfill their business goals.
We have a team consisting of experienced professionals with access to flexible credit facility from premium banks, private investors and trade finance funds to facilitate our expanding business activities.
We have established advanced and independent risk management functions and capabilities to monitor and manage market, operational, financial, liquidity and other exposures on a continuous basis.
We have in depth refining expertise, many years of experience in crude oil processing and a dedicated team for the supply and offtake of refinery feedstock and products.
We have highly specialized shipping, chartering and operations teams to cover all transportation solutions. In addition, the group holds participations in several product tankers and entertains long term charter parties.
SET’s key differentiator has always been our people and our team collaboration embedded in our strong values, which have been handed over by all SET generations. Our people have significant experience, specialized backgrounds, various nationalities and high degree of dedication, reliability and loyalty to the SET family. Our teams and offices are organized across all relevant functions and capabilities such as trading, operations, shipping, finance, risk management, compliance and administration. We regularly attract ambitious talents and experienced individuals as we offer a unique culture,entrepreneurial spirit and attractive benefits.Join Us
Across all our teams and companies we share and cultivate the same values – professionalism, reliability, integrity, transparency, motivation, entrepreneurship and respect. We have defined clear work ethics and principles and strictly comply with applicable laws and regulations.Read More
We have modern corporate governance mechanisms and principles within our teams up to our management, advisory board and family shareholders.Read More
We are committed to high ethical standards and best practice corporate governance. We seek to maintain open, transparent and constructive relationships and dialogue with all our stakeholders. We conduct our business in accordance with key global principles.Read More
NB-Propangas Service GmbH was founded in 1992 as an independent LPG distribution company with own storage
facilities and LPG trucks. NB-Propangas Service GmbH is primarily active in the distribution of LPG for heating systems
of households and SMEs in remote areas in Northeastern Germany. The company also distributes 5-10 ltr propane gas
bottles to around 50 collection points in the region.
Blue Gas GmbH is a medium-sized LPG distribution company based in Hamburg, which was founded in 2007. The company supplies its Germany-wide network of own and third party stations with LPG for sale to end-customers.
Blue Gas is also active in trading and wholesaling of LPG to other market participants. Since 2020, Blue Gas is actively developing adjacent business models regarding other energy sources (LNG, power, Biogas, etc.) in the German
Central Energy AG is an independent energy trading company with its registered office in Zug, Switzerland. The
company was established in March 1997 and has been under the same ownership as SET ever since. Since its foundation, CE has been actively involved in crude oil and petroleum products trading in CIS countries. The company has a solid reputation and a very experienced team as well as long-standing relationships with major oil companies and smaller trading houses. Since July 2020, CE is a 100% subsidiary of SET.
Select Energy Sp. z o.o. is a 100% Subsidiary of S.E.T. Select Energy GmbH and is active in the Polish energy market
since 2001. With its experienced local team and relevant trade and import licenses, Select Energy Sp. z o.o. imports
oil products from Russia, Scandinavia and Germany and distributes these products to wholesalers and retail stations