NG Energy International

What NG Energy International does

NG Energy International Corp. is a Canadian-listed upstream natural gas exploration and production company (TSX: GASX, OTCQX: GASXF, FRA: 56P) operating two onshore gas blocks in Colombia: the 39%-owned Sinu-9 block in the Sinu San Jacinto basin (311,353 acres) and the 80%-owned Maria Conchita block in La Guajira (32,518 acres). Founded in 2011 and headquartered in Toronto, the company transitioned from explorer to dual-field producer in March 2025 when Sinu-9 commenced commercial production alongside Maria Conchita. As of May 2026, combined net production stands at approximately 23.2 MMcf/d, with a six-well 2026 drilling program at Sinu-9 targeting production capacity of 136 MMcf/d — roughly 14% of Colombia's current daily gas consumption in a market with only 6.1 years of reserves remaining.

The company's technical capabilities center on multi-zone reservoir development across stacked gas-bearing formations, including the CDO, Pre-CDO–San Cayetano, and Porquero intervals at Sinu-9 and the H1-H6 zones at Maria Conchita. Established processing, treatment, compression, and transport infrastructure includes a 30 MMcf/d gas plant at Maria Conchita connected to the TGI pipeline and Promigas pipeline connectivity at Sinu-9, with INFRAES expanding pipeline capacity from 30 to 40 MMcf/d and potentially 90 MMcf/d in 2026. Reserves are substantial: company gross 3P reserves of 153.6 Bcf at Sinu-9 (NPV10 US$286.3M) and 72.0 Bcf at Maria Conchita (NPV10 US$256.8M), with year-end 2025 reserves NPV10 up 42-67% versus prior year as evaluated by Sproule ERCE.

Revenue is generated through three channels: (1) long-term take-or-pay contracts at US$7.70-$8.20/Mcf covering contracted volumes up to 15 MMcf/d at Maria Conchita and up to 25 MMcf/d at Sinu-9; (2) interruptible gas marketing contracts with higher blended pricing as daily volumes increase; and (3) spot market sales at premium Colombian pricing of approximately US$11-13/Mcf for incremental volumes above contracted thresholds. FY2025 natural gas and NGL sales reached US$44.6 million with Q1 2026 sales of US$9.5 million representing 48% year-over-year growth. The company operates with a small headcount of 11-50 employees, an insider ownership position of ~32%, and a recently strengthened balance sheet following the January 2026 US$150 million Sinu-9 transaction with Maurel & Prom, which brought in an experienced operator-partner and reduced Macquarie debt principal by 34% to US$23.0 million by FY2025 year-end.

Name

NG Energy International

Legal name

NG Energy International Corp.

Website

https://ngenergyintl.com

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

NG Energy International is a Canadian-listed upstream natural gas producer operating the Sinu-9 (39% WI) and Maria Conchita (80% WI) blocks in Colombia, generating revenue through take-or-pay contracts and Colombian spot-market sales at premium domestic pricing.

Ownership category

akta.pro rank

Product category

Natural Gas Exploration & Production

NAICS

Natural Gas Extraction (211130), Natural Gas Extraction (21113)

SIC

Crude Petroleum & Natural Gas (1311), Natural Gas Transmission (4922)

akta.pro primary industry

Gas Processing Plant Residue Gas & NGL Takeaway (Midstream Interface) (EUAAACAK)

akta.pro secondary industries

NGL Fractionation (Y-Grade to Purity Products) (EUALACAE), NGL (Y-Grade) / Mixed NGL Pipeline Transportation (TLAGAEAA), NGLs & LPG Trading & Marketing (EUAGAAAE)

Keywords

• Natural gas exploration
• Upstream oil gas
• Onshore gas production
• Gas field development
• Colombian gas reserves

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Marketing or Sales

Revenue model

1. Natural Gas and NGL Sales: NG Energy generates revenue primarily through the sale of natural gas and natural gas liquids (NGLs) produced from its Sinu-9 and Maria Conchita blocks in Colombia. Revenue comes from: (1) long-term take-or-pay contracts with contracted pricing around US$7.70-$8.20/Mcf with floor volumes, (2) interruptible gas marketing contracts with higher blended pricing as daily volumes increase, and (3) spot market sales at premium Colombian pricing (US$11-13/Mcf) for volumes above contracted thresholds. FY 2025 natural gas and NGL sales reached US$44.6 million, with Q1 2026 sales of US$9.5 million representing 48% year-over-year growth.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

NG Energy International is a Colombian-focused upstream natural gas exploration and production company that produces, processes, and sells natural gas and natural gas liquids from two onshore blocks: Sinu-9 (39% non-operating working interest) and Maria Conchita (80% working interest). The company delivers gas through long-term take-or-pay contracts and interruptible gas marketing arrangements to Colombian industrial customers, gas marketing companies, and the national pipeline grid, achieving combined net production of approximately 23.2 MMcf/d as of mid-2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Sinu-9 Block Natural Gas Production Natural gas produced from the Sinu-9 block (311,353 acres) in Colombia's Sinu San Jacinto basin, with gross 3P reserves of 153.6 Bcf (USD $286.3M NPV10) at 39% working interest. Production is connected to the Promigas pipeline and sold to Colombian industrial and gas marketing customers through long-term contracts and spot market sales.
• Maria Conchita Block Natural Gas Production Natural gas produced from the Maria Conchita block (32,518 acres) in Colombia's Department of La Guajira, with gross 3P reserves of 72.0 Bcf (USD $256.8M NPV10) at 80% working interest. Production has processing, treatment, compression and transport capacity of up to 30 MMcf/d, sold under 3-5 year take-or-pay contracts at realized prices of US$8.23/Mcf during Q3 2025.
• Long-Term Take-or-Pay Gas Sales Contracts (Maria Conchita) Multi-year contracted supply of natural gas from Maria Conchita field at fixed per-Mcf pricing with minimum volume guarantees, providing revenue certainty to NG Energy and reliable domestic supply to Colombian gas marketing counterparties including Energy Transitions S.A.S E.S.P. and Plus + SAS ESP.
• Sinu-9 Offtake Contracts Contracted offtake supply arrangements for Sinu-9 production covering up to 25 MMcf/d gross at contracted floor pricing, with incremental volumes above contracted thresholds sold at premium Colombian spot market prices of approximately US$13.00/Mcf.

Quantifiable outcome

• Q1 2026 natural gas and NGL sales of US$9.5 million, a 48% increase year-over-year
• +2 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core, minor and major.

• Etablissements Maurel & Prom S.A. (M&P)coreStrategic or Co-development Partner · 6 January 2026Strategic partnership involving two transactions: (1) M&P acquired 40% operating working interest in Sinu-9 for US$150 million cash consideration, becoming operator; (2) NGE and M&P jointly acquired minority partners' 28% working interest. Post-transaction: NGE holds 39% non-operating WI, M&P holds 61% operating WI. M&P is driving a six-well 2026 drilling program at Sinu-9.
• Cox EnergyminorStrategic or Co-development Partner · 8 December 2022Strategic alliance announced December 2022 for potential renewable energy initiatives. Launched renewable energy division in partnership with Cox Energy.
• INFRAES S.A.S E.S.P.coreStrategic or Co-development PartnerInfrastructure partner for pipeline capacity expansion at Sinu-9. Constructing twin pipeline with 18-kilometer loop from Jobo, increasing transportation capacity from 30 MMcf/d to 40 MMcf/d by end of May 2026, with potential to reach 90 MMcf/d in H2 2026. Critical infrastructure partner enabling production growth.
• Energy Transitions S.A.S E.S.P.majorChannel Partner/ Reseller/ DistributorGas marketing counterparty acquiring 80% of total gas production volume from Maria Conchita field. Provided prepayment for initial production periods at US$5.08/MMBtu. Agreement includes interruptible gas supply period transitioning to firm gas trading contract.
• Plus + SAS ESPmajorChannel Partner/ Reseller/ DistributorGas marketing partner for Maria Conchita production, participating in prepayment arrangements for gas volume acquisition.
• Transportadora de Gas Internacional (TGI)coreTechnology or IntegrationPipeline infrastructure operator for Maria Conchita gas transportation. NGE connected its gas plant to TGI main pipeline to transport natural gas to market.

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Gran Tierra Energy: Gran Tierra Energy operates oil and gas assets in Colombia with similar regulatory and operational exposure to ANH contracts and ANLA environmental licensing. It is a TSX/NYSE-listed mid-cap E&P comparable to NGE's stage of development and Colombian country focus.
• Parex Resources: Parex Resources is a Colombia-focused E&P with operated working interests across multiple Colombian basins. Comparable in size, public listing profile (TSX), and Colombian operational footprint, although Parex is more oil-weighted than NGE's gas-weighted production mix.
• Frontera Energy: Frontera Energy is a Latin American E&P with material Colombian operations and natural gas exposure. It is comparable in geographic focus, regulatory environment (ANH/ANLA), and market position as a publicly listed Colombian upstream operator.
• Canacol Energy: Canacol Energy is the most direct Colombian-focused natural gas E&P peer, with producing gas assets in the Lower Magdalena Valley and Sinu San Jacinto basin (overlapping with NGE's Sinu-9). It shares the same target market (Colombian domestic gas buyers), take-or-pay contract structure, and exposure to Colombia's structural supply deficit.
• GeoPark Limited: GeoPark is a Latin American-focused independent E&P with assets across Colombia, Ecuador, Chile, and Argentina. It shares NGE's Latin American growth orientation, TSX/NYSE listing profile, and exposure to premium-priced Colombian gas markets.

Regional players

• Vista Energy: Vista Energy is a Latin American-focused E&P primarily operating in Argentina (Vaca Muerta) and Mexico. Comparable as a Latin American upstream growth story and TSX/NYSE-listed independent, though focused on unconventional oil and gas outside Colombia.
• Lewis Energy Colombia: Lewis Energy is a privately held Colombian-focused natural gas E&P operating in the Magdalena Valley and Cesar basins. Comparable as a Colombia-focused gas producer with midstream integration, though private and US-domiciled rather than publicly listed.

Broad incumbents

• Ecopetrol: Ecopetrol is Colombia's national oil and gas company and dominates domestic gas production and pipeline infrastructure. Comparable as a Colombian gas producer and Promigas/TGI pipeline system participant, though materially larger and state-controlled.
• Etablissements Maurel & Prom: M&P is a French-listed international E&P and NGE's operating partner at Sinu-9 (61% operating WI). Comparable as a multi-country upstream operator with significant Colombian gas exposure via the Sinu-9 joint operation.

Emerging players

• Arrow Exploration: Arrow Exploration is a small-cap Colombian-focused E&P with producing oil and gas assets in the Llanos and Middle Magdalena basins. Comparable as a TSX-listed junior Colombian producer with similar scale and capital intensity profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@ngenergyinternationalcorp8387
• Xx.com/ngenergyintl
• LinkedInlinkedin.com/company/ngx-energy-international-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds9 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NG Energy International