LNG Energy Group
LNG Energy Group Corp. is a Canadian upstream oil and gas company operating in Venezuela and Colombia, pursuing heavy oil extraction through a US$200 million 50/50 joint venture with Fifth Ocean Management LP and advanced heating technology from Salamander Solutions Inc.
- Company typePrivate
- Founded2020
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What LNG Energy Group does
LNG Energy Group Corp. is a Canadian upstream oil and gas company incorporated in Ontario with its principal place of business in Toronto and a TSX Venture listing (CVE: LNGE). The company operates in the chemicals and gases / energy sector with a geographic focus on Latin American oil and gas assets, specifically in Venezuela and Colombia, and pursues its business through joint venture and partnership arrangements rather than independent production. Its core assets include existing Venezuelan oil and gas concessions contributed to a 50/50 joint venture with Fifth Ocean Management LP (in partnership with Westlawn Group), under which Fifth Ocean has committed up to US$200 million for exploration, development, and potential additional asset acquisitions.
The company's underlying technology centers on heavy oil extraction through a partnership with Salamander Solutions Inc., which provides advanced heating technology deployed via a pilot program in Venezuela. The business model is enterprise-level joint venture and partnership driven: LNG Energy contributes existing assets and regulatory positioning (including OFAC compliance), while financial and technology partners contribute capital and technical capability. Revenue mechanics are described as production-based oil and gas sales supplemented by occasional asset transfers, though no current revenue figures are disclosed. The Colombian branch underwent insolvency protection and exited in October 2025 after a reorganization agreement approved by over 70% of creditors, settling US$10.7M+ in debt to Lewis Energy Group.
The company's go-to-market is direct enterprise partnership development targeting energy sector partners, financial investors, and energy companies interested in Latin American oil and gas opportunities. The customer base is concentrated among institutional JV partners (Fifth Ocean, Westlawn, Salamander, Lewis Energy) rather than downstream off-takers. Operations are characterized by significant regulatory navigation requirements spanning Colombian insolvency law, Ontario Securities Commission compliance, OFAC clearance for Venezuelan operations, and TSX Venture Exchange approvals. Headcount remains small (1-10 employees), consistent with a development-stage upstream operator relying on partner capacity rather than in-house operational scale.
LNG Energy Group firmographics
Firmographics- Name
- LNG Energy Group
- Legal name
- LNG Energy Group Corp.
- Website
- https://lngenergygroup.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- LNG Energy Group Corp. is a Canadian upstream oil and gas company operating in Venezuela and Colombia, pursuing heavy oil extraction through a US$200 million 50/50 joint venture with Fifth Ocean Management LP and advanced heating technology from Salamander Solutions Inc.
- Ownership category
- akta.pro rank
LNG Energy Group industry classification
Industry- Product category
- Oil and Gas Exploration and Production
- NAICS
- Crude Petroleum Extraction (21112), Natural Gas Extraction (21113), Oil and Gas Extraction (211)
- SIC
- Crude Petroleum & Natural Gas (1311), Oil & Gas Field Exploration Services (1382)
- akta.pro primary industry
- LNG EPC, Commissioning & Project Development (Engineering, Construction, Permitting) (EUALAFAI)
Keywords
Where LNG Energy Group is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
LNG Energy Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Others, Personnel, Technology or R&D
Revenue model
- Oil and Gas Production: Revenue generated from oil and gas exploration, development, and production operations in Venezuela and Latin America through joint venture arrangements.
- Asset Sales and Transfers: Revenue from asset transfers as part of debt settlement and reorganization activities, including transfer of assets valued at over US$7.35 million to Lewis Energy Group.
Go-to-market motion1 record
Distribution channels1 record
LNG Energy Group product offering
Product offeringCore offering
LNG Energy Group is an upstream oil and gas exploration and development company operating in Latin America, with existing assets in Venezuela and Colombia. The company focuses on developing heavy oil resources, including through a 50/50 joint venture with Fifth Ocean Management LP backed by up to US$200 million of funding and a partnership with Salamander Solutions Inc. for advanced heating-based heavy oil extraction technology. Its Colombian branch emerged from insolvency protection in 2025 with a creditor-approved reorganization agreement.
Product overview
LNG Energy Group is an oil and gas exploration and development company with operations in Venezuela and Colombia. The company focuses on oil and gas asset development, including heavy oil extraction projects. Based on the source material, the company does not appear to offer technology products or software services — it operates as an upstream energy company.
Differentiator
Problem solved
Functional benefit
Products and services
- Venezuelan Oil and Gas Exploration and Development
- Colombian Oil and Gas Operations (Reorganized)
- Heavy Oil Extraction Pilot Program
Quantifiable outcome
- Debt settlement of over US$10.7 million with Lewis Energy Group
- +1 more outcomes
Companies that use LNG Energy Group
Customer profileSegments1 record
Ideal customer profiles1 record
LNG Energy Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
LNG Energy Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Salamander Solutions Inc.coreSalamander Solutions Inc. has partnered with the JV Company (LNG Energy Group and Fifth Ocean) to deploy advanced heating technology for heavy oil extraction in Venezuela through a pilot program targeting heavy oil resources.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
LNG Energy Group competitors and assessment
Company assessmentDirect peers
- Touchstone Exploration: Canadian-listed upstream E&P focused on Trinidad and Colombia. Comparable in size, geography mix, and exposure to heavy oil and onshore Latin American production.
- Alvopetro Energy: Small-cap Canadian-listed upstream company with gas-focused operations in Brazil. Comparable on size, Canadian listing, and upstream LATAM focus with gas exposure.
- Gran Tierra Energy: Colombia-focused upstream oil and gas E&P company. Directly comparable to LNG Energy Group in operating geography (Colombia and LATAM), business model (conventional and heavy oil production), and small-cap Canadian-listed profile.
- Frontera Energy: Canadian-listed E&P with core Colombian and Latin American upstream operations. Comparable to LNG Energy Group on geography, asset mix, and scale, with similar exposure to Latin American regulatory and political risk.
- Parex Resources: Canadian-headquartered E&P focused on Colombia and other Latin American basins. Directly comparable as a small-mid cap LATAM-focused producer with similar operational and regulatory dynamics.
- Canacol Energy: Canadian-listed E&P focused on natural gas exploration and production in Colombia. Comparable on geographic focus and on the gas/upstream split LNG Energy Group claims in its branding.
- Arrow Exploration Corp. Small-cap Canadian E&P with operations in Colombia and Trinidad. Comparable on size, Canadian listing, and upstream LATAM focus, making it a useful benchmark for valuation and operational cadence.
Emerging players
- Sintana Energy: Small-cap Canadian E&P with material exposure to Venezuelan assets through partnerships. Closely comparable to LNG Energy Group given the rare combination of Canadian listing and Venezuelan upstream focus.
Broad incumbents
- GeoPark Limited: Latin America-focused E&P operating across Colombia, Argentina, Brazil, Chile, and Ecuador. A broader incumbent in the same regional upstream space where LNG Energy Group is trying to scale.
Others
- Salamander Solutions Inc. Technology partner providing advanced heating technology for heavy oil extraction to LNG Energy Group's Venezuelan JV. Included as an adjacent/ecosystem participant given its direct integration with the company's core project.
Market position
Strengths5 records
Weaknesses3 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
LNG Energy Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
LNG Energy Group leadership team
Management profileNumber of profiles
Profiles2 records
LNG Energy Group funding detail
Funding detailFunding overview
Funding rounds4 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LNG Energy Group M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LNG Energy Group
What does LNG Energy Group do?
LNG Energy Group is an upstream oil and gas exploration and development company operating in Latin America, with existing assets in Venezuela and Colombia. The company focuses on developing heavy oil resources, including through a 50/50 joint venture with Fifth Ocean Management LP backed by up to US$200 million of funding and a partnership with Salamander Solutions Inc. for advanced heating-based heavy oil extraction technology. Its Colombian branch emerged from insolvency protection in 2025 with a creditor-approved reorganization agreement.
Is LNG Energy Group a public or private company?
LNG Energy Group is a private company. It is currently operating.
When was LNG Energy Group founded?
LNG Energy Group was founded in 2020. It employs 1 to 10 people.
Where is LNG Energy Group based?
LNG Energy Group is headquartered in Vancouver, Canada, in the North America region.
How does LNG Energy Group make money?
Two revenue lines are on record. Oil and Gas Production is the primary driver. The others are asset Sales and Transfers.
Who are LNG Energy Group's main competitors?
Direct peers on record are Touchstone Exploration, Alvopetro Energy, Gran Tierra Energy, Frontera Energy, Parex Resources, Canacol Energy and Arrow Exploration Corp.. Sintana Energy is listed as an emerging player. GeoPark Limited is listed as a broad incumbent. Salamander Solutions Inc. is listed as an others.
Does LNG Energy Group have an API?
No public API is recorded for LNG Energy Group.
What industry is LNG Energy Group in?
LNG Energy Group's product category is Oil and Gas Exploration and Production. Its primary akta.pro industry code is EUALAFAI, LNG EPC, Commissioning & Project Development (Engineering, Construction, Permitting). Its NAICS code is 21112 and its SIC code is 1311.