Go Gas Holding

What Go Gas Holding does

Go Gas Holding is a privately held natural gas development and investment company established in 2022 in the Dubai World Center Free Zone, with a regional headquarters in New Cairo, Egypt. The firm specializes in upstream gas exploration and development across the Eastern Mediterranean and Sub-Saharan Africa, anchored by the Banda & Tevet integrated gas project in Mauritania, where it holds sole developer rights on a license awarded in April 2024. The company targets domestic gas supply to national utilities and state-owned enterprises in markets with limited indigenous energy resources.

The business model centers on securing exploration and production licenses, assembling integrated consortia of upstream developers, technical operators, and downstream offtake partners, and arranging project financing to bring gas fields to commercial production. The flagship Banda project is designed to produce at a 90 mmcfd plateau rate over 20 years via 2+1 subsea wells tied back to an onshore gas plant, with first gas targeted for Q3 2028 following an FID in January 2026. Off-take is structured through long-term contracts with Mauritania's national utility SOMELEC and state mining company SNIM. Additional pipeline assets include Gaza Marine (estimated USD 1.3 billion development cost) and East Med Gas exploration (up to 11 TCF potential reserves).

The company is led by a team of senior energy executives with over 100 years of combined experience at major international oil companies including Shell, BG Group, Tullow Oil, bp, Eni, and Centrica. Core execution partners include TAQA Arabia and Rosetta Energy as downstream co-developers, ODE Asset Management as technical operator, and Beltone as financial advisor. The firm operates with approximately 10 employees and remains pre-revenue, with all commercial gas production dependent on Banda reaching first gas in 2028.

Name

Go Gas Holding

Legal name

Go Gas Holding

Website

https://gogasholding.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Go Gas Holding is a privately held natural gas development company, established in 2022 and headquartered in Dubai with regional operations in Cairo. It serves national utilities and governments in the Eastern Mediterranean and Sub-Saharan Africa by developing upstream gas fields, anchored by the sole-developer position on Mauritania's Banda & Tevet project.

Ownership category

akta.pro rank

Product category

Upstream Natural Gas Development

NAICS

Natural Gas Extraction (211130), Natural Gas Extraction (21113)

SIC

Crude Petroleum & Natural Gas (1311), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Conventional Natural Gas Exploration & Production (Dry Gas) (EUAAAAAA)

akta.pro secondary industry

Gas Processing Plant Residue Gas & NGL Takeaway (Midstream Interface) (EUAAACAK)

Keywords

• Upstream gas development
• Natural gas exploration
• Gas field production
• Offshore subsea operations
• Integrated gas projects

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Natural Gas Production and Sales: Go Gas generates revenue through development and production of natural gas fields. The company produces gas at specified plateau rates (e.g., 90 mmcfd for Banda field) and sells to national utilities and off-takers under long-term contracts. Revenue is derived from gas sales, with projects like Banda & Tevet targeting domestic use in Mauritania.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Go Gas Holding is an upstream natural gas development and investment company that identifies, develops, and produces natural gas resources in the Eastern Mediterranean and Sub-Saharan Africa. The company secures exploration and production licenses, partners with technical operators and financial advisors, and produces gas under long-term offtake agreements with national utilities and state-owned entities for domestic power generation and industrial use.

Product overview

Go Gas Holding is a natural gas development and investment company that operates as a single unified business focused on upstream gas projects. The company does not offer a software product platform with distinct modules. Its core business activities include: Natural Gas Development and Progress (securing investments for gas projects), Gas Supply Chain Optimization, Advancement of Sustainable Energy Solutions, and Market Analysis and Strategic Partnerships. The company manages several major gas field development projects (Banda & Tevet in Mauritania, Gaza Marine, East Med Gas exploration) but these are physical energy infrastructure projects, not software products or technology offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Banda and Tevet Integrated Gas Project An integrated upstream-to-domestic gas development project in Mauritania covering the Banda and Tevet gas fields. Gas is produced from offshore subsea wells and delivered via onshore treatment facilities for sale to national utility SOMELEC and state mining company SNIM for domestic power generation and industrial use.
• Gaza Marine Gas Field Development A gas field development opportunity offshore Gaza where Go Gas Holding has been invited by EGAS to participate alongside current license holders and the Palestinian Authority for development of the Gaza Marine gas reserves.
• East Med Gas Exploration An exploration license in the Eastern Mediterranean with potential gas reserves of up to 11 TCF, representing a longer-term upstream growth opportunity for Go Gas Holding alongside its existing producing and development assets.
• Upstream Natural Gas Development Services A bundled upstream gas service offering covering exploration, license acquisition, project development, production operations, and supply chain optimization for natural gas resources in Eastern Mediterranean and Sub-Saharan African markets. Targeted at governments, national utilities, and integrated gas project partners.

Quantifiable outcome

• 90 mmcfd production over 20 years from Banda field
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core.

• TAQA ArabiacoreStrategic or Co-development Partner · 1 April 2024TAQA Arabia is a key downstream partner in the Banda & Tevet Integrated Gas Project in Mauritania. They joined with Go Gas Holding and Rosetta Energy in a joint proposal to the Government of Mauritania for developing Banda & Tevet as an integrated gas project for domestic use. TAQA Arabia is also chaired by Khaled Abu Bakr, Go Gas Holding's founding partner.
• Rosetta EnergycoreStrategic or Co-development Partner · 1 April 2024Rosetta Energy is a downstream partner in the Banda & Tevet Integrated Gas Project in Mauritania. They joined with Go Gas Holding and TAQA Arabia in a joint proposal to the Government of Mauritania for developing the gas field as an integrated project for domestic use.
• ODE Asset ManagementcoreTechnology or IntegrationODE Asset Management has been appointed by Go Gas as the Technical Operator for Project Banda (Banda & Tevet development in Mauritania). They provide technical expertise for managing the complex offshore and onshore operations.
• SOMELECcoreStrategic or Co-development PartnerSOMELEC is Mauritania's national utility and acts as the primary off-taker for the Banda & Tevet gas project, purchasing gas produced for domestic power generation and use.
• SNIMcoreStrategic or Co-development PartnerSNIM (Société Nationale Industrielle et Minière) is Mauritania's state-owned mining company and acts as co-off-taker for the Banda & Tevet gas project alongside SOMELEC.
• EGAS (Egyptian Natural Gas Holding Company)coreStrategic or Co-development PartnerEGAS (Egyptian Natural Gas Holding Company) is the state-owned entity that invited sponsors to participate in the development of the Gaza Marine gas field and the East Med Gas exploration opportunities. They are cooperating with the current license holders and Palestinian Authority.

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Pharos Energy: Independent upstream E&P with operated and non-operated production and exploration assets in Egypt and Tunisia — directly comparable regional focus, asset scale, and small/mid-cap upstream model.
• Neptune Energy: Independent upstream E&P focused on gas-weighted production across Europe and North Africa. Comparable in gas-weighted upstream model and Mediterranean/North African geographic exposure.
• Tullow Oil: West Africa-focused upstream E&P company that originally discovered the Banda gas field in 2002 and declared it commercial in 2012. Their prior subsurface, wells, and facilities work has materially de-risked the asset Go Gas is now developing, making them the most directly comparable peer.
• Kosmos Energy: Africa-focused upstream E&P with major operations in Mauritania (Greater Tortue Ahmeyim LNG with bp). Highly comparable business model — independent upstream company developing offshore gas resources in Mauritania and adjacent West African basins.
• SDX Energy: Small-cap upstream focused on natural gas in Egypt and Morocco, with onshore and offshore development experience. Comparable in scale, geography, and gas-weighted upstream business model.
• Perenco: Independent upstream operator with gas-weighted production across Egypt and North Africa, including onshore and offshore fields. Comparable as a privately-held independent E&P active in the same regional gas plays.

Broad incumbents

• Shell: Former upstream operator in Egypt via Rashid/Burullus JVs, with multiple Go Gas senior leaders as alumni. Operates at vastly greater scale but a broad incumbent whose Egyptian gas business provides direct competitive context.
• Eni: Major international oil company with extensive upstream operations in Egypt (e.g., Zohr) and across the Mediterranean. Operates at much greater scale but is a broad incumbent in the same geographies and plays a role as technical partner in several of Go Gas's reference points.
• bp: Major IOC operating the West Nile Delta in Egypt and the Greater Tortue Ahmeyim LNG project in Mauritania/Senegal alongside Kosmos. Broad incumbent in the same gas-producing geographies where Go Gas is developing assets.

Emerging players

• Cheiron Energy: Egyptian upstream operator with a portfolio of onshore exploration, development, and production assets. Comparable in regional focus, but a smaller emerging player with limited overlap on offshore subsea development.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/go-gas-holding

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 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 Go Gas Holding