What Super Energy does

PT Super Energy Tbk (IDX: SURE) is an Indonesia-listed energy infrastructure company that trades and distributes Compressed Natural Gas (CNG) to industrial customers across East and Central Java. The group operates through a set of specialized subsidiaries: PT Gasuma Federal Indonesia (GFI) processes flare and wellhead gas into saleable CNG at the Tuban mother station, PT Bahtera Abadi Gas (BAG) handles downstream CNG distribution, and PT Sumber Aneka Gas (SAG) and PT Energy Mina Abadi (EMA) extend the upstream and distribution footprint. Its stated customer base spans food and beverage, textile and garment, and chemical manufacturers, with no individual anchor customer disclosed.

The company's core technology revolves around capturing and processing flare/wellhead gas — a low-cost feedstock stream — and converting it into CNG for delivery via its own mother stations and transportation fleet. Business model mechanics are commodity-volume based: revenue is generated by selling CNG to industrial offtakers, with margin driven by the spread between low-cost flare-gas feedstock (and conventional supply, including the recently added Sumber Field) and delivered CNG pricing. The model is capital-intensive in physical infrastructure (processing, compression, mother stations, transport fleet) rather than software or IP.

Operationally, Super Energy has been in a multi-year turnaround: revenue grew to roughly IDR 30.7 trillion in 2025 (from ~IDR 23.2T in 2024 and ~IDR 19.8T in 2023), EBITDA inflected positive in 2025, and gross profit expanded materially, although net income remained negative through 2025. Strategic direction has broadened beyond Indonesian CNG into renewables, including a 2026 solar joint venture with MinebeaMitsumi in Thailand and a solar module partnership with Hanersun. The combination of a recovery in core gas economics, new feedstock sources, debt-funded capacity expansion, and a deliberate pivot into solar signals a transition from a single-segment Indonesian gas distributor toward a multi-vertical, multi-geography energy infrastructure operator.

Name

Super Energy

Legal name

PT SUPER ENERGY Tbk.

Website

https://superenergy.co.id

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

101–250 employees

Short description

Super Energy (IDX: SURE) is an Indonesian CNG processor and distributor that converts flare and wellhead gas into compressed natural gas for industrial manufacturers in East and Central Java, and is now expanding into renewables via a solar JV.

Ownership category

akta.pro rank

Product category

Industrial Gas Distribution

NAICS

Natural Gas Extraction (211130), Natural Gas Distribution (2212), Fossil Fuel Electric Power Generation (221112)

SIC

Natural Gas Transmission (4922), Natural Gas Distribution (4924), Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Gas Processing Plants (Sweetening, Dehydration, NGL Recovery) (EUALACAD)

akta.pro secondary industries

Gas Conditioning & Treatment for Industrial Use (Dehydration, Sweetening, NGL Removal) (EUALALAG), Gas Processing Plant Residue Gas & NGL Takeaway (Midstream Interface) (EUAAACAK), Captive & Embedded Gas-Fired Power Generation (Industrial/Commercial CHP) (EUALALAB)

Keywords

• Natural gas processing
• CNG distribution
• LPG production
• Industrial gas supply
• Flare gas utilization

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. CNG Sales: Sales of Compressed Natural Gas to industrial customers in East Java to Central Java through subsidiary PT Bahtera Abadi Gas.
2. LPG and Condensate Sales: Production and sales of Liquefied Petroleum Gas (LPG) and condensate through subsidiary PT Gasuma Federal Indonesia.
3. Lean Gas Supply: Supply of lean gas processed from Mudi and Sukowati gas fields to industrial consumers.
4. Gas Supply Addition: Addition of gas sources from Sumber Field as disclosed in January 2025.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Super Energy processes natural gas from the Mudi, Sukowati, and Sumber gas fields into condensate, LPG, and lean gas through subsidiary PT Gasuma Federal Indonesia, and trades and distributes compressed natural gas (CNG) to industrial customers through subsidiary PT Bahtera Abadi Gas. The company operates three gas plants in Tuban and Gresik, East Java, supplying food, beverage, textile/garment, and chemical manufacturers across East Java and Central Java.

Product overview

Super Energy is an integrated energy company that operates through two main subsidiaries: PT Gasuma Federal Indonesia (GFI) for gas production/processing and PT Bahtera Abadi Gas (BAG) for CNG distribution. GFI processes natural gas from Mudi and Sukowati fields into Condensate, LPG, and Lean Gas, while BAG distributes Compressed Natural Gas to industrial consumers across East Java and Central Java. The company operates three gas plants in Tuban and Gresik, East Java.

Differentiator

Problem solved

Functional benefit

Products and services

• Compressed Natural Gas (CNG) Compressed natural gas distributed to industrial customers in food, beverage, textile/garment, and chemical industries across East Java and Central Java, supplied through subsidiary PT Bahtera Abadi Gas.
• Liquefied Petroleum Gas (LPG) LPG produced from natural gas processing at PT Gasuma Federal Indonesia facilities, with 480-ton storage capacity, sold to industrial and commercial customers.
• Condensate Natural gas condensate produced from gas processing operations, stored at a 7,000 BBL facility, and sold to industrial buyers.
• Lean Gas Lean gas processed from the Mudi and Sukowati gas fields, supplied to industrial consumers for use in manufacturing operations.

Quantifiable outcome

• 1,877,098 working hours without accident (East Java Governor Award 2017)
• +2 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Two partnerships are on record, tiered core.

• MinebeaMitsumicoreStrategic or Co-development Partner · 13 April 2026Minebea Super Solar Power is a joint venture between MinebeaMitsumi and Super Energy for developing solar power projects in Thailand. Construction commenced on a 48 MW solar power project in Lopburi and a 104 MW/129 MWh installation in Bang Pa-in, forming one of Southeast Asia's largest direct power supply solar initiatives supporting MinebeaMitsumi's operational roadmap in Thailand.
• Tokyo Gas Co. Ltd.coreStrategic or Co-development PartnerKeisuke Ito, appointed as Director since December 2020, previously served as Deputy Chief Representative of Tokyo Gas Asia Pte. Ltd. and held various senior positions at Tokyo Gas Co. Ltd. in Japan and Malaysia, including concurrent directorship at Tokyo Gas-Mitsui & Co Holdings Sdn. Bhd. This represents a strategic relationship with Tokyo Gas, a major Japanese gas company.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Regional players

• PT Star Energy Geothermal: Indonesia-focused energy company with gas and geothermal operations. Shares the Indonesian gas processing and distributed power generation model with Super Energy, though with a different upstream mix.
• PT Surya Esa Perkasa: Indonesian-listed gas processing and fertilizer company operating ammonia and gas plants in Sumatra. Comparable in midstream gas processing economics and Indonesian regulatory context, though with a different product mix.
• PT Bayan Resources: Indonesian-listed energy company with coal and gas operations. While primarily upstream coal-focused, it shares the Indonesian midstream/energy distribution context and industrial customer base with Super Energy.

Broad incumbents

• Medco Energi Internasional: Indonesian-listed integrated energy company with natural gas exploration, processing, and power generation. Comparable in scope to Super Energy's midstream gas processing activities and runs overlapping gas field operations in Indonesia.
• PT Pertamina (Persero): Indonesia's state-owned integrated energy company engaged in upstream, processing, and distribution of oil, gas, and LPG. Operates gas processing and LPG distribution infrastructure that overlaps with Super Energy's GFI and BAG subsidiaries.
• Linde plc: World's largest industrial gas company with operations across Asia Pacific, supplying atmospheric, process, and specialty gases to industrial customers. Represents a global incumbent that competes for industrial gas accounts in Indonesia and the region.
• Tokyo Gas Co., Ltd. Japan's largest city gas utility with extensive LNG and industrial gas operations across Asia. Has a strategic linkage to Super Energy via Director Keisuke Ito and operates comparable midstream gas processing and industrial gas supply businesses.
• Air Products and Chemicals: Global industrial gas manufacturer supplying hydrogen, oxygen, nitrogen, and LNG to industrial customers, including in Southeast Asia. Competes with Super Energy for industrial gas offtake accounts in food, chemical, and textile sectors.

Direct peers

• Iwatani Corporation: Japan-based industrial gas and LNG distributor with Asia-wide operations. Directly comparable to Super Energy's B2B CNG/LPG distribution and industrial gas supply model, with overlap in food, chemical, and manufacturing end-markets.
• Perusahaan Gas Negara (PGN): Indonesia's largest natural gas distribution and transmission company, operating extensive pipeline networks across Java. PGN is the dominant piped-gas competitor to Super Energy's CNG mother station model in East Java, serving overlapping industrial customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pt-bahtera-abadi-gas

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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 Super Energy