Nuenergy Gas

What Nuenergy Gas does

NuEnergy Gas Limited (ASX: NGY) is an independent upstream clean-energy company that develops and produces Coal Bed Methane (CBM) from four unconventional-gas Production Sharing Contracts in South Sumatra, Indonesia - Tanjung Enim, Muara Enim, Muara Enim II, and Muralim - covering a combined 2,312 km² and holding an estimated 9,691 BCF of Original Gas In Place. NuEnergy is the operator of all four PSCs and in June 2021 secured the first Coalbed Methane Plan of Development ever approved in Indonesia, for the Tanjung Enim block, which is independently certified at 484 BCF of reserves (113 BCF P1, 102 BCF P2, 215 BCF 2P) with 165 BCF recoverable under POD-1.

The core technical stack is conventional CBM: subsurface modeling of five mapped coal seams (A1, A2, B1, B2, C), drilling and completion of production wells, dewatering to initiate gas flow, real-time remote production monitoring with downhole pump systems, and separation/drying trains feeding into Gathering Stations A and B and Central Production Facilities. Current production is 1 MMSCFD of early gas, scalable to a 25 MMSCFD plateau across 209 wells at Tanjung Enim. Gas is sold under long-term Gas Sales Purchase Agreements in CNG, LNG, and pipeline formats, and the company targets four end-use segments: residential/commercial, industrial, electric utilities, and transportation.

The business model is B2B and contract-led: revenue is generated from bulk gas sales under multi-year GSPAs with large enterprise buyers, with the inaugural offtake being a 1 MMSCFD contract with state-owned PT Perusahaan Gas Negara (PGN) approved by MEMR in August 2025. The company is approximately 70% owned by Globaltec Energy Resources and New Century Energy Resources, subsidiaries of Malaysia-listed Globaltec Formation Berhad, and in January 2026 added a strategic co-development partner, PT Beijing Energy Linking (linked to Beijing Energy International Holding and Envision Group), to bring in capital, technology, and operational expertise for the ramp.

Name

Nuenergy Gas

Legal name

NuEnergy Gas Limited

Website

https://nuenergygas.com

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

51–100 employees

Short description

NuEnergy Gas is an Australian-listed (ASX: NGY) upstream clean-energy company that develops and produces Coal Bed Methane from four Production Sharing Contracts in South Sumatra, Indonesia, selling gas under long-term contracts to state-owned and industrial buyers.

Ownership category

akta.pro rank

Product category

Unconventional Gas Production (Coal Bed Methane)

NAICS

Natural Gas Extraction (211130)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Coalbed Methane (CBM) / Coal Seam Gas (CSG) (EUAAAAAD)

akta.pro secondary industries

Coalbed Methane & Coal Mine Methane (Degasification, Capture) (IMAKAIAL), Gas Conditioning & Treatment for Industrial Use (Dehydration, Sweetening, NGL Removal) (EUALALAG), Coalbed Methane (CBM) Gathering Systems (TLAGAJAG)

Keywords

• Coal bed methane production
• Unconventional gas exploration
• Natural gas extraction
• Production sharing contracts
• Clean energy gas supply

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Natural Gas / CBM Sales: NuEnergy Gas generates revenue primarily through the sale of coal bed methane (CBM) produced from its four unconventional gas Production Sharing Contracts in South Sumatra, Indonesia. Revenue is derived from long-term gas sales contracts with industrial buyers, utilities, and gas distribution companies. The company commenced early gas sales at 1 MMSCFD from Tanjung Enim PSC, with approved MEMR gas allocation, and plans to scale to a peak production of 25 MMSCFD under the full POD-1 development.
2. CNG and LNG Supply: Gas produced from CBM wells may be utilized in the form of CNG (for industries near well locations) and LNG (for industries located further from well locations), creating additional revenue streams from diversified gas delivery mechanisms.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

NuEnergy Gas develops and produces Coal Bed Methane (CBM) from four unconventional gas Production Sharing Contracts (PSCs) in South Sumatra, Indonesia — Tanjung Enim, Muara Enim, Muara Enim II, and Muralim — covering over 2,312 km². The company extracts, processes, and sells natural gas (as CNG, LNG, and via pipeline) to enterprise buyers such as Indonesia's state-owned gas distributor PT Perusahaan Gas Negara (PGN), industrial users, and electric utilities under long-term Gas Sales Purchase Agreements.

Product overview

NuEnergy Gas is an independent clean energy company operating as a unified CBM (Coal Bed Methane) gas production and development company. The company manages four unconventional gas Production Sharing Contracts (PSCs) in South Sumatra—Tanjung Enim PSC, Muara Enim PSC, Muara Enim II PSC, and Muralim PSC—totaling over 2,312 km². The core product portfolio centers on developing CBM assets from exploration through production, with Tanjung Enim as the flagship asset achieving early gas sales at 1 MMSCFD and targeting 25 MMSCFD peak production. Production flows through well collection, separation, and drying systems into gathering stations and central production facilities, ultimately delivering gas via CNG, LNG, and pipeline networks to residential, commercial, industrial, utility, and transportation consumers in Indonesia.

Differentiator

Problem solved

Functional benefit

Products and services

• Coal Bed Methane (CBM) Gas Production Core gas extraction, development, and production operations from CBM assets in South Sumatra, Indonesia, sold to enterprise buyers under long-term contracts.
• Tanjung Enim PSC Flagship CBM asset operated by NuEnergy's subsidiary Dart Energy (Tanjung Enim) Pte Ltd with 45% working interest; targeting 25 MMSCFD peak production from POD-1 with 209 wells across Areas A and B.
• Muara Enim PSC CBM Production Sharing Contract covering 521.84 km² with discovered natural gas and preliminary POD submitted to SKK Migas.
• Muara Enim II PSC CBM Production Sharing Contract covering 819.6 km² in South Sumatra, with PT Pertamina Hulu Energi and PT Metana Enim Energi as partners.
• Muralim PSC CBM Production Sharing Contract covering 687.9 km², 100% operated by NuEnergy's subsidiary Dart Energy (Muralim) Pte Ltd; contains 1,436 BCF gas in place.
• Tanjung Enim CBM Early Gas Sale Production Initial phase of gas production at 1 MMSCFD from Tanjung Enim, with gas collected into manifolds and processed through separator and dryer systems to meet sales specifications.
• Tanjung Enim CBM Full Development Production Full development phase of Tanjung Enim POD-1 targeting 25 MMSCFD peak production with 209 wells, utilizing Gathering Stations A and B feeding Central Production Facilities.
• Gas Value Chain Solutions Integrated end-to-end gas delivery from production to consumption, distributing CBM gas in CNG (for industries near well locations), LNG (for distant industries), and via pipeline networks to residential, commercial, industrial, utility, and transportation consumers.

Quantifiable outcome

• 9,691 BCF Original Gas In Place across South Sumatra assets
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• PT Beijing Energy Linking (PTBEL)coreStrategic or Co-development Partner · 1 January 2026Strategic collaboration with PT Beijing Energy Linking to accelerate CBM development in Indonesia through integration of advanced technology, operational expertise, and capital partnerships. Ultimate shareholders are Beijing Energy International Holding Co. Ltd and Envision Group. Collaboration aims to enhance project efficiency, optimize methane recovery, and support responsible development of Indonesia's cleaner gas resources.
• PT Perusahaan Gas Negara Tbk (PGN)coreChannel Partner/ Reseller/ Distributor · 1 December 2025Gas Sales Purchase Agreement (GSPA) signed between Dart Energy (Tanjung Enim) Pte Ltd and PT Perusahaan Gas Negara Tbk for bulk CBM gas distribution. MEMR approved gas allocation on 29 August 2025 for sale of 1 MMSCFD of CBM. PGN is Indonesia's state-owned gas distribution company.
• Envision GroupminorStrategic or Co-development PartnerUltimate shareholder of PT Beijing Energy Linking. Envision Group brings energy technology and operational expertise to the CBM development partnership.
• PT Pertamina Hulu Energi Metra EnimcoreStrategic or Co-development Partner27.5% partner in Tanjung Enim PSC. Subsidiary of PT Pertamina (Indonesia's State Owned Oil and Gas Company). Operates alongside Dart Energy (Tanjung Enim) Pte Ltd as PSC contractor.
• PT Bukit Asam Metana EnimcoreStrategic or Co-development Partner27.5% partner in Tanjung Enim PSC. Subsidiary of PT Bukit Asam (Indonesia's State Owned Coal Mining Company). Co-located with established coal mining infrastructure providing integrated development opportunity.
• PT Pertamina Hulu Energi Metana Sumatera 2minorStrategic or Co-development Partner60% partner and operator of Muara Enim PSC. Subsidiary of PT Pertamina (State Owned Oil and Gas Company). NuEnergy is not the operator of this PSC.
• PT Trisula CBM EnergyminorStrategic or Co-development Partner40% partner and operator of Muara Enim PSC. NuEnergy holds working interest in this PSC but is not the operator.
• PT Pertamina Hulu Energi Metana Sumatera 5minorStrategic or Co-development Partner40% partner and operator of Muara Enim II PSC. Subsidiary of PT Pertamina (State Owned Oil and Gas Company). NuEnergy holds 30% working interest through Indo CBM Sumbagsel 2 Pte Ltd.
• PT Metana Enim EnergiminorStrategic or Co-development Partner30% partner in Muara Enim II PSC. Subsidiary of Sugico (Indonesia Mining and Energy Company).
• Dart Energy (Tanjung Enim) Pte LtdcoreStrategic or Co-development PartnerSubsidiary of NuEnergy Gas Limited. 45% working interest and operator of Tanjung Enim PSC. Signed GSPA with PGN for early gas sales.
• Dart Energy (Muralim) Pte LtdminorStrategic or Co-development PartnerSubsidiary of NuEnergy Gas Limited. 100% working interest and operator of Muralim PSC. Conducting dewatering activities with gas flaring tests demonstrating flow rates.
• SKK MigascoreOthersSKK Migas (Special Task Force for Upstream Oil and Gas Business Activities) is Indonesia's upstream oil and gas regulator. Gas discovery report submitted in May 2025; SKK Migas conducted site visit to verify dewatering activity and gas flaring results at Muralim PSC.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Peers

• Ephindo (PT Ephindo CBM Group):

Broad incumbents

• Origin Energy: Major Australian integrated energy company with historical APLNG-linked CBM operations in Queensland. Comparable in that its upstream gas portfolio includes significant CBM acreage and demonstrates the path from CBM development to LNG export, albeit at much larger scale.
• Arrow Energy (Shell QGC): One of Australia's largest CBM-to-LNG developers, originally a Bow Energy/Chevron-linked asset and now part of Shell's QGC business. Relevant as a benchmark for how an Australian-listed CBM operator can scale and be acquired, though at vastly larger scale than NuEnergy.
• CNX Resources: US-listed independent natural gas producer with a long-standing CBM (coalbed methane) operations base in Appalachia. Comparable as a pure-play CBM developer, though materially larger and more mature, offering a benchmark for long-term CBM economics and well productivity.
• Santos: Australian-listed oil and gas major with CBM operations feeding the GLNG project in Queensland. Comparable as an Australian-listed gas producer with CBM exposure and Asian LNG/offtake market access; benchmark for what scaled CBM development looks like operationally.

Regional players

• Medco Energi Internasional: Indonesia-listed upstream oil and gas operator with production assets in Sumatra and Southeast Asia. Comparable as an Indonesian upstream gas operator with overlapping regional footprint, though focused on conventional hydrocarbons rather than CBM.

Direct peers

• Jade Gas Holdings: ASX-listed coal bed methane explorer focused on unconventional gas in Mongolia, with a similar early-stage development profile, micro-cap structure, and ex-Australian CBM strategy. Directly comparable to NuEnergy as a small-cap CBM operator targeting Asian markets.

Market position

Strengths5 records

Weaknesses1 record

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/nuenergy-gas-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries8 records

Funding overview

Funding rounds1 record

Investors1 record

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 Nuenergy Gas