Terega
Teréga is a French regulated gas transport and storage operator managing 5,106 km of pipelines and 6.4 Gm³ of storage capacity across Southwest France. It serves shippers, industrial customers, distributors, and biomethane producers while building hydrogen and CO2 infrastructure for the energy transition.
- Company typePrivate
- Founded1940
- HeadquartersPau, France
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Terega does
Teréga is a French regulated gas transport and storage operator headquartered in Pau, France, with operations dating to the 1940s. The company operates 5,106 km of gas pipelines representing 13.5% of the French gas network, transporting 117.2 TWh of gas annually, and maintains 6.4 Gm³ of underground storage capacity with 34,000 GWh subscribed at 100% availability. It serves 84 shipper clients for transport, 37 shipper clients for storage, 8 public gas distributors, and a growing base of industrial customers, biomethane producers, and NGV station owners across Southwest France.
The company's revenue model is anchored in regulated tariffs set by France's Energy Regulation Commission (CRE), with three primary streams: usage-based gas transport capacity subscriptions, subscription-based storage services with multi-year contracts, and one-time connection fees for industrial customers, distributors, biomethane producers, and NGV stations. In FY2025, Teréga reported €480M in revenue and €108M in net income. Distribution is conducted through dedicated enterprise field sales teams (named account managers for shippers, industrial customers, distributors, biomethane producers, and NGV stations), supplemented by a customer portal with private API access. The company holds 100% customer satisfaction among industrial customers and shippers in 2025 surveys.
Teréga's strategic positioning centers on its GAIA 2035 plan to become a 100% renewable and low-carbon energy hub by 2050, with active development of hydrogen infrastructure (650 km HySoW backbone with PCI status, 16.7% stake in the 400 km H2med/BarMar subsea pipeline targeting 2032 commercial operation), CO2 transport for CCUS (2.5 Mt CO2/year volumes secured), and biomethane injection (13 sites, 690 GWh/year capacity). The company is owned primarily by Italian TSO Snam (40.5%) and, as of April 2026, Spain's Enagás (31.5% acquired from Singapore's GIC for €674.65M), creating a strategic Southern European TSO bloc aligned around the H2med hydrogen corridor.
Terega firmographics
Firmographics- Name
- Terega
- Legal name
- Teréga
- Website
- https://terega.fr
- Company type
- Private
- Founded year
- 1940
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Teréga is a French regulated gas transport and storage operator managing 5,106 km of pipelines and 6.4 Gm³ of storage capacity across Southwest France. It serves shippers, industrial customers, distributors, and biomethane producers while building hydrogen and CO2 infrastructure for the energy transition.
- Ownership category
- akta.pro rank
Terega industry classification
Industry- Product category
- Gas transmission and storage infrastructure
- NAICS
- Pipeline Transportation of Natural Gas (4862), Pipeline Transportation of Natural Gas (486210)
- SIC
- Natural Gas Transmission (4922)
- akta.pro primary industry
- Natural Gas Transmission System Operators (TSO) / Network Balancing (TLAGACAC)
Keywords
Where Terega is headquartered
LocationHeadquarters
- HQ city
- Pau
- HQ country
- France
- HQ region
- Europe
Offices1 record
Markets served
Terega business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Gas Transport Services: Regulated revenue from operating the gas transmission network, charging shippers for capacity reservations and gas transportation services
- Gas Storage Services: Regulated revenue from underground gas storage facilities, offering draw and injection services to shippers with different capacity products
- Connection Services: Revenue from connecting industrial customers, distributors, biomethane producers, and NGV stations to the gas network
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Multi-year contract | Regulated transport and storage capacity subscriptions |
Go-to-market motion1 record
Distribution channels7 records
Marketing channels9 records
Terega product offering
Product offeringCore offering
Teréga is a regulated gas transmission and storage operator running a 5,106 km pipeline network (13.5% of the French grid) and 6.4 Gm³ of underground storage, transporting 117.2 TWh of gas per year to shippers, industrial customers, distributors, biomethane producers, and NGV station operators. It is investing in hydrogen infrastructure (HySoW 650 km backbone and 16.7% stake in H2med/BarMar) and CO2 transport for CCUS under its GAÏA 2035 strategic plan.
Product overview
Teréga is a French gas transport and storage operator offering a comprehensive portfolio of energy infrastructure services and renewable gas solutions. The core offerings consist of Gas Transport (5,106 km pipeline network, 13.5% of French network) and Gas Storage (6.4 Gm³ capacity). These are complemented by biomethane injection services, NGV/BioNGV mobility solutions, and strategic hydrogen infrastructure projects including HySoW (650 km hydrogen backbone with PCI status) and the H2med/BarMar subsea pipeline (400 km, 16.7% Teréga stake). Teréga also develops CO2 transport and storage infrastructure as part of national CCUS strategy. Digital services include a customer portal with private API for consumption data access. The company's GAIA 2035 strategic plan guides its transition toward becoming a 100% renewable and low-carbon energy hub by 2050, supported by operational programs including BE POSITIF (environmental) and PARI 2035 (safety).
Differentiator
Problem solved
Functional benefit
Brands
- Teréga Accélérateur d'Énergies: Endowment fund supporting philanthropic actions and showcasing regional talents through sports and cultural patronage, inclusion, and biodiversity preservation.
Products and services
- Gas Transport Teréga operates 5,106 km of gas transport pipelines representing 13.5% of the French gas network, transporting 117.2 TWh of gas per year for 84 shipper customers. Services include fixed and interruptible transport capacities on main and regional grids.
- Gas Storage Teréga operates underground gas storage facilities with 6.4 Gm³ total capacity and 34,000 GWh of subscribed storage capacity at 100% availability. Three storage products with different draw-off rates are offered to 37 shipper-storage customers.
- Biomethane Injection Services Teréga supports biomethane producers with connection to its gas transport grid. Services include injection stations, branch lines, and a biomethane simulator for evaluating injection potential. 13 sites are connected, delivering 690 GWh/year installed capacity.
- NGV/BioNGV Mobility Connections Teréga supports Natural Gas for Vehicles (NGV) and BioNGV station development with high-pressure grid connections (45 bars average), reducing electricity compression costs. BioNGV delivers at least 4x reduction in CO2, NOx, and fine particle emissions compared to diesel.
- HySoW Hydrogen Transport & Storage HySoW (Hydrogen South-West) is a 650 km hydrogen transport backbone project connecting South-West France production, import, and consumption zones to the H2med corridor, complemented by 500 GWh PCS underground hydrogen storage. Awarded PCI status in April 2026.
- H2med/BarMar Hydrogen Pipeline BarMar is a 400 km subsea hydrogen pipeline connecting Barcelona to Fos-sur-Mer, designed to transport 2 million tonnes per year of renewable hydrogen. Teréga holds 16.7% stake in the joint venture with NaTran and Enagás as part of the H2med European hydrogen corridor.
- CO2 Transport & Storage Infrastructure Teréga is developing CO2 transport and storage infrastructure as part of the national CCUS strategy. Projects include development around the Martres-Tolosane cement plant in Occitanie and partnership with Grand Port Maritime de Bordeaux, securing 2.5 Mt CO2/year.
- Industrial Connection Services Teréga provides gas routing and connection services for industrial customers in the South-West region across chemistry, papermaking, and construction materials sectors. Offer includes supply points, branch lines, connection infrastructure, and transport contracts.
- Distributor Connection Services Teréga provides gas transport to distribution grids for 8 public distributors, including urban areas and the Bordeaux region with REGAZ. Services include supply points, branch lines, interface contracts, and full service catalog.
- Customer Portal (with Teréga Box and private API) Online customer portal providing shippers and industrial customers access to consumption data, including hourly and 4-hour peak data viewing, real-time consumption monitoring via the Teréga Box service, and a private API for automatic data retrieval to analysis and supervision systems.
Quantifiable outcome
- 100% storage fill achieved November 1, 2025
- +6 more outcomes
Companies that use Terega
Customer profileNamed customers5 records
Segments7 records
Ideal customer profiles6 records
Terega technology and API
TechnologyTechnology focussed No
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature5 records
Terega partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered flagship, core, minor and regional.
- ANEL (Association Nationale des Élus des Littoraux)flagshipPartnership signed for 2026-2027 to strengthen dialogue between coastal communities and Teréga, supporting energy transition of territories, renewable energy development, and coastal resilience against climate change.
- EnagáscoreSpanish gas grid operator leading the BarMar hydrogen pipeline project connecting Barcelona to Fos-sur-Mer. Enagás is leading the H2med corridor development alongside NaTran and Teréga (holding 16.7% stake in BarMar). The project received €35.56 million EU funding through Connecting Europe Facility.
- BarMar CompanycoreJoint venture company comprising NaTran, Teréga, and Enagás for developing the 400 km BarMar subsea hydrogen pipeline from Barcelona to Fos-sur-Mer. Public consultation launched May 6-July 12, 2026 under Environmental Code.
- HySoW (Hydrogen South-West)coreTeréga-led project: 650 km hydrogen transport network connecting South-West France production and consumption zones to H2med corridor, with 500 GWh PCS underground hydrogen storage. Granted PCI (Project of Common Interest) status April 2026.
- Vent des Barges / Arnaud BoissièresminorTeréga Accélérateur d'Énergies Endowment Fund supporting the Vendée Globe 2028 sailing project with hydrogen fuel cell, hydrogenerators, and solar panels for energy autonomy at sea.
- TSOs Innovation ClubminorSnam-led innovation initiative with MoU signed with Enagás Emprende, NaTran, Gasunie, Teréga, and H2UB. Part of HyAccelerator 2025 program supporting startups in CO2 capture and hydrogen production.
- Fibre ExcellenceregionalPartnership to decarbonize industry by recovering CO2 emissions from the pulp mill operations for potential utilization or storage.
- NaTran (Engie subsidiary)coreEngie subsidiary developing hydrogen infrastructure including BarMar pipeline, HY-FEN (1000 km national hydrogen artery), MidHY (200 km connector), MosaHyc, RHYn, Hy4Link, and Franco-Belgian corridor projects. Core partner in H2med corridor development.
- Grand Port Maritime de BordeauxregionalPartnership agreement for CO2 infrastructure development in Nouvelle-Aquitaine region as part of national CCUS strategy, securing 2.5 Mt CO2/year volumes.
- H2med Alliance PartnerscoreAlliance including Copenhagen Infrastructure Partners (CIP), DH2 Energy España, Elyse Energy, Hydrogène de France, HYNAMICS, Moeve, Qair, SEFE, SHS, thyssenkrupp nucera, thyssenkrupp Steel Europe, GRTgaz, OGE, REN. Goal: accelerate decarbonization through H2med Southwestern Hydrogen Corridor implementation by early 2030s.
Scale indicators18 records
Recent moves6 records
Expansion highlights6 records
Terega competitors and assessment
Company assessmentMarket position
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Terega social profiles
Digital presenceTerega compliance and trust
Trust signalCompliance1 record
Terega financial estimates
Financial estimateRevenue estimate
Valuation estimate
Terega leadership team
Management profileNumber of profiles
Profiles3 records
Terega funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Terega M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Terega
What does Terega do?
Teréga is a regulated gas transmission and storage operator running a 5,106 km pipeline network (13.5% of the French grid) and 6.4 Gm³ of underground storage, transporting 117.2 TWh of gas per year to shippers, industrial customers, distributors, biomethane producers, and NGV station operators. It is investing in hydrogen infrastructure (HySoW 650 km backbone and 16.7% stake in H2med/BarMar) and CO2 transport for CCUS under its GAÏA 2035 strategic plan.
Is Terega a public or private company?
Terega is a private company. It is classified as corporate owned and is currently operating.
When was Terega founded?
Terega was founded in 1940. It employs 501 to 1,000 people.
Where is Terega based?
Terega is headquartered in Pau, France, in the Europe region.
How does Terega make money?
Three revenue lines are on record. Gas Transport Services are the primary driver. The others are gas Storage Services and connection Services.
Does Terega have an API?
Yes. Teréga offers a private API for its customer portal that allows customers to automatically retrieve their consumption data to analysis and supervision systems. The API is accessible through the 'My data' area on the customer portal (portail.terega.fr/app/). Additionally, Teréga Box is mentioned as a new service providing fully secure real-time access to consumption data. Developer documentation is at portail.terega.fr/app/our-api.
What industry is Terega in?
Terega's product category is Gas transmission and storage infrastructure. Its primary akta.pro industry code is TLAGACAC, Natural Gas Transmission System Operators (TSO) / Network Balancing. Its NAICS code is 4862 and its SIC code is 4922.