GasTerra
GasTerra B.V. is a Dutch wholesale natural gas trader purchasing gas from domestic and foreign producers and the TTF market, supplying distributors, industrial customers, and power plants. The company is winding down by December 31, 2026 following the Groningen field closure.
- Company typePrivate
- Founded2005
- HeadquartersGroningen, Netherlands
- Headcount101–250
- GTM typeB2B
- OfferingServices
What GasTerra does
GasTerra B.V. is a Dutch wholesale natural gas trading company founded in 2005 as part of the Gasgebouw public-private partnership between the Dutch State, NAM, Shell, ExxonMobil, and EBN (Energie Beheer Nederland). The company purchases natural gas from domestic and foreign producers and on the free market via the Title Transfer Facility (TTF), Europe's most liquid gas trading hub. GasTerra supplies both L-gas (low-calorific) and H-gas (high-calorific) to Dutch and Northwest European energy distribution companies, industrial customers, and power plants, and historically played a central role in ensuring supply security for the Netherlands and parts of the L-gas market extending into Germany, France, and Belgium.
The business model is transaction-based: revenue is generated through price differentials and volume trading on multi-year B2B contracts negotiated directly with energy distribution companies (resellers), industrial customers, and power plants, with no publicly disclosed pricing. GasTerra also operated the consumer-facing Vergroenjegas.nl ("green your gas") platform to enable end-consumer purchases of sustainable gas. Supporting the core trading activity, the company developed the open-source Energy Transition Model (ETM) with Quintel Intelligence and invested in green gas procurement, blue and green hydrogen research, the ENTRANCE energy transition research center on the Zernike campus in Groningen, and the REMO (Renewable Molecules) Laboratory opened in June 2024 with a €0.9 million investment.
Following the 2012 Huizinge earthquake and the subsequent Dutch government decision to halt Groningen gas field production, GasTerra announced in September 2020 a complete phase-out of operations, originally by December 31, 2024 and later extended to December 31, 2026. Sales to energy distribution companies and industrial customers ceased from January 1, 2024, and the Groningen field was permanently closed in April 2024 after more than 60 years of production. 2024 turnover was €12.8 billion on 25.6 billion m³ of gas sold, down from a record €35.5 billion in 2022. Headcount was reduced by more than 30%, with the company relocating to a smaller office in Groningen in September 2024. Operations are scheduled to cease on December 31, 2026.
GasTerra firmographics
Firmographics- Name
- GasTerra
- Legal name
- GasTerra B.V.
- Website
- https://gasterra.nl
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- GasTerra B.V. is a Dutch wholesale natural gas trader purchasing gas from domestic and foreign producers and the TTF market, supplying distributors, industrial customers, and power plants. The company is winding down by December 31, 2026 following the Groningen field closure.
- Ownership category
- akta.pro rank
GasTerra industry classification
Industry- Product category
- Wholesale Natural Gas Trading
- NAICS
- Natural Gas Distribution (2212), Natural Gas Distribution (22121)
- SIC
- Natural Gas Distribution (4924), Natural Gas Transmisison & Distribution (4923)
- akta.pro primary industry
- Aggregator/Brokered Natural Gas Sales (Brokers, Marketers, Aggregators) (EUAAADAF)
- akta.pro secondary industries
- Gas Balancing, Nominations & Scheduling Services (EUAGAGAH), RNG Interconnection, Gas Quality & Upgrading Compliance (EUAJAJAC)
Keywords
Where GasTerra is headquartered
LocationHeadquarters
- HQ city
- Groningen
- HQ country
- Netherlands
- HQ region
- Europe
Offices1 record
Markets served
GasTerra business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Natural Gas Trading: GasTerra trades natural gas by purchasing from domestic and foreign producers and on the free market (TTF), then selling to energy distribution companies, industrial customers, and power plants. Revenue is generated through price differentials and volume trading.
- Green Gas Purchasing: Purchasing of green/biogas as part of energy transition activities, a core activity in the sustainability portfolio.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | B2B wholesale gas trading - quote-based pricing |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
GasTerra product offering
Product offeringCore offering
GasTerra is a wholesale natural gas trader that purchases gas from domestic and foreign producers and on the free gas market (TTF), then supplies it to energy distribution companies (resellers), industrial customers, and power plants in the Netherlands and Northwest Europe. The company also purchases green gas (biogas/biomethane) and supports energy transition research and initiatives. GasTerra ceased selling gas to resellers and industrial customers from 1 January 2024 as part of its wind-down, with final closure set for 31 December 2026.
Product overview
GasTerra is a natural gas wholesale trading company (established 2005) that purchases and sells natural gas from domestic and foreign producers and on the free gas market (TTF). The company operates as a key player in the Dutch and Northwest European gas market, supplying L-gas (low-calorific) and H-gas (high-calorific) to industries, energy distribution companies, and large-scale consumers. GasTerra has been winding down its operations since 2020 due to the decline of Groningen gas production, with the final closure date set for 31 December 2026. The company also supports various energy transition initiatives including green gas procurement, hydrogen projects, the Energy Transition Model (ETM), ENTRANCE research facility, VRolijk 2050 VR experience, and the Morrowland animation film.
Differentiator
Problem solved
Functional benefit
Products and services
- Natural Gas Trading Wholesale procurement and resale of L-gas (low-calorific) and H-gas (high-calorific) sourced from domestic and foreign producers and on the free gas market (TTF), supplying Dutch industries, energy distribution companies, and other large-scale consumers. Sales to resellers and industrial customers ceased from 1 January 2024 as part of the wind-down.
- Green Gas / Renewable Gas Procurement and trading of green gas (biogas/biomethane) as a sustainable alternative to fossil natural gas, supporting decarbonization of the Dutch and Northwest European energy supply.
Companies that use GasTerra
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
GasTerra technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
GasTerra partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- Hanze University of Applied Sciences GroningencoreCooperation on ENTRANCE energy testing site and REMO lab (renewable molecules laboratory). GasTerra invested €0.9 million in the REMO lab facility for research on renewable gases and circular raw materials. Focus areas include fermentation, electrolysis, and synergy between technologies for green gas and hydrogen production.
- GasuniecoreJoint study on e-methane feasibility conducted by Roland Berger consultancy. Both companies explored how e-methane (synthetic natural gas from green hydrogen and CO2) can contribute to the Dutch energy transition using existing gas infrastructure.
- EurogasminorGasTerra CEO Annie Krist served as vice-president of Eurogas, the trade association representing gaseous energy in Europe. Active participation in European energy policy discussions.
- ENTRANCE (Energy Transition Center)coreGasTerra supported applied research at ENTRANCE, a test environment for energy transition on Zernike campus in Groningen. Experiments on fuel cells, high efficiency boilers, hybrid heat pumps, green gas and hydrogen production.
- New Energy Coalition (NEC)minorGasTerra supported NEC research initiatives including studies on sustainable hydrogen development in the region.
- Groninger MuseumminorSponsorship of museum exhibitions including DAVID BOWIE is, The Rolling Stones 'Unzipped', and Gianni Versace Retrospective. Sponsorship ended from 2024.
- GazpromminorRussian gas supplier with long-term contracts. GasTerra refused to comply with rouble payment demands in May 2022 and Gazprom discontinued supply. Approximately 2 billion m3 of contracted gas was not delivered.
Scale indicators14 records
Recent moves9 records
Expansion highlights5 records
GasTerra competitors and assessment
Company assessmentDirect peers
- Gasunie: Dutch gas infrastructure operator and TSO. Closest direct peer — co-authored the e-methane feasibility study with GasTerra and operates the physical network GasTerra's wholesale volumes flowed through.
- EDF Trading: European wholesale energy trader operating across gas, power, and LNG. Comparable TTF-based portfolio trading model serving utilities and large industrial customers across Northwest Europe.
- Vitol: One of the world's largest independent energy traders with deep TTF presence. Comparable physical and financial gas trading, portfolio optimization, and supply security services to utilities and industrials.
Broad incumbents
- Engie: Major European gas and power utility with significant wholesale trading activity. Comparable L-gas/H-gas portfolio exposure in Benelux and broader European gas marketing infrastructure.
- Shell Energy: Shell's gas trading arm, integrated with upstream production. As a Gasgebouw shareholder and historically a counterparty, Shell Energy is a comparable wholesale gas marketer at much larger scale.
- Uniper: Major European gas wholesaler and TSO operator. Comparable wholesale trading and large-volume gas portfolio management, but with a much broader energy portfolio spanning generation and storage.
- OMV: Integrated energy company with significant gas trading operations across Central and Eastern Europe. Comparable portfolio balancing, supply security services, and energy-transition investment profile.
- RWE Supply & Trading: RWE's commodity trading arm with deep TTF and European gas hub activity. Comparable wholesale trading, hedging, and large-volume portfolio optimization for industrial customers.
Regional players
- Eneco: Dutch integrated energy company active in retail gas supply, heat, and renewable generation. Comparable Dutch gas-market presence and energy-transition focus (green gas, hydrogen pilots).
Others
- EBN (Energie Beheer Nederland): Dutch state participation entity and Gasgebouw partner. Direct shareholder/partner comparable, with overlapping role in Dutch gas infrastructure strategy and energy transition policy.
Market position
Strengths3 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
GasTerra social profiles
Digital presenceGasTerra financial estimates
Financial estimateRevenue estimate
Valuation estimate
GasTerra leadership team
Management profileNumber of profiles
Profiles4 records
GasTerra funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GasTerra 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 GasTerra
What does GasTerra do?
GasTerra is a wholesale natural gas trader that purchases gas from domestic and foreign producers and on the free gas market (TTF), then supplies it to energy distribution companies (resellers), industrial customers, and power plants in the Netherlands and Northwest Europe. The company also purchases green gas (biogas/biomethane) and supports energy transition research and initiatives. GasTerra ceased selling gas to resellers and industrial customers from 1 January 2024 as part of its wind-down, with final closure set for 31 December 2026.
Is GasTerra a public or private company?
GasTerra is a private company. It is classified as state government owned and is currently operating.
When was GasTerra founded?
GasTerra was founded in 2005. It employs 101 to 250 people.
Where is GasTerra based?
GasTerra is headquartered in Groningen, Netherlands, in the Europe region.
How does GasTerra make money?
Two revenue lines are on record. Natural Gas Trading is the primary driver. The others are green Gas Purchasing.
Who are GasTerra's main competitors?
Direct peers on record are Gasunie, EDF Trading and Vitol. Broad incumbents are Engie, Shell Energy, Uniper, OMV and RWE Supply & Trading. Eneco is listed as a regional player. EBN (Energie Beheer Nederland) is listed as an others.
Does GasTerra have an API?
No public API is recorded for GasTerra.
What industry is GasTerra in?
GasTerra's product category is Wholesale Natural Gas Trading. Its primary akta.pro industry code is EUAAADAF, Aggregator/Brokered Natural Gas Sales (Brokers, Marketers, Aggregators), with a secondary code of EUAGAGAH, Gas Balancing, Nominations & Scheduling Services. Its NAICS code is 2212 and its SIC code is 4924.