News/03

TENCITY Energiehandel GmbH becomes the official distributor for SANEG Oil Italy S.p.A. lubricants in Austria and Germany. This partnership marks a significant expansion of TENCITY’s product portfolio, going beyond traditional fuels. SANEG Oil Italy with a plant in Bari is the renowned producer of high-performance industrial and automotive lubricants and greases. The distribution agreement will enable SANEG to reach a broader customer base in two European markets through TENCITY’s established presence in the motor fuels segment.

“We are very proud to welcome SANEG’s premium lubricant range to our product offerings,” said Dmitry Brodskiy, Managing Director of TENCITY Energiehandel GmbH. “This partnership perfectly complements our portfolio of B2B energy solutions. SANEG’s reputation for excellence in lubricants technology enables us to better serve needs of industrial, agricultural and automotive sectors.”

TENCITY is the independent Austrian trading company that offers various petroleum products and renewables in Central and Eastern European countries. SANEG’s comprehensive range of lubricants, including hydraulic fluids, gear oils, greases, and specialized industrial lubricants, will be available through TENCITY effective April 1, 2025.

TENCITY Energiehandel GmbH attended the events around IE Week in London, 23-27 February 2025. Energy industry leaders from around the world gathered in London for this defining yearly event.

“For one week in February, London’s Mayfair becomes a centre of the world’s energy business. This year’s remarkable changes and challenges charged the atmosphere of the event with new energy. Being a part of it is an exhilarating experience. TENCITY team used every waking hour of our stay to connect with friends old and new, and to keep abreast of the newest developments in the industry. We are coming back to Austria hoping for the new European vision of energy security”, remarked Dmitry Brodskiy, TENCITY’s managing director

TENCITY Energiehandel GmbH’s first full operational year yielded 11 million euro turnover, validating the TENCITY business model and setting the stage for expansion. Focusing on supply of motor fuels by rail, mostly diesel, TENCITY shipped more than 15000 metric tons in 2024. All the volumes were sourced from German refineries and terminals, then headed east to the neighbouring EU Member States.

TENCITY successfully passed ISCC certification, opening the door to trade in fuels with renewable components. Our product range can now extend to petrol station-ready fuels such as gasoline E5/E10, diesel B7, and HVO (XTL).

TENCITY was well represented on key industrial events and forums, including IE Week, Argus conferences and many others, staying up to date on the latest trends and broadening our client base.

Dmitry Brodskiy, TENCITY’s managing director, said: “I am satisfied with our performance in our first year of operation. Despite extremely challenging environment with double digit declines in some of our markets, TENCITY team consistently created value for our customers. We are confidently looking forward to 2025.”