About us

S.E.T. was founded in Hamburg in 1985. Today we can proudly show a track record of more than 35 years of experience and solid reputation in the oil and energy international markets. S.E.T. is an independent, private and medium-sized energy trading company based in Hamburg. We work at offices, subsidiaries, participations and partnerships in various countries.

NB Propangas Service GmbH

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.

Established 1992
Neubrandenburg, Germany

Central Energy

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.

Established 1997
Zug, Switzerland

Select Energy
SP. Z O.O.

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 Europe, Scandinavia and Germany and distributes these products to wholesalers and retail stations across Poland.

Established 2001
Szczecin, Poland

Blue Gas

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 energy market.

Established 2007
Hamburg, Germany

Our history


Foundation of S.E.T. Select Energy GmbH 

The company was founded in Hamburg by Thure von Wahl and Christian von Ziegner as an oil trading company.



Expansion into early-days pre export financing facilities with various CIS countries and investments into downstream activities in Germany (NB Propangas Service GmbH).


Incorporation of Central Energy AG and Select Energy Poland

Extensive business with CIS countries, incorporation of Central Energy AG and Select Energy Poland, establishment of an own shipping company, investments in gasoline stations and oil terminals


Further Expansion

Selected expansions into Asia and Africa and development of business relationships in South East Europe.


Management Succession and advance into new energies

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 market

Our greatest asset

S.E.T.’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.


Let's work together.

If you're in search of our specialized energy solutions, we are here to assists. Please direct your business inquiries to business@set-energy.de

We are always on the lookout for motivated, ambitious people to join our team. Pleae send us your initiative application to hr@set-energy.de

If you have a groundbreaking idea or initiative, we are eager to collaborate and drive change together. Please reach out to us with details at projects@set-energy.de

S.E.T. Select Energy GmbH Jungfernstieg 34
20354 Hamburg

T: +49 (0) 40 44 18 00 0

E: office@set-energy.de

Business footprint

SET Offices