NEG

What NEG does

NEG (Natural Energy Group), operating through NEG Natural, S.A. de C.V., is a B2B energy supplier founded in 2017 in Monterrey, Mexico, as a wholly-owned subsidiary of Alpek within the Alfa conglomerate. The company supplies natural gas, electricity, and environmental commodities to 100+ industrial sites across Mexico and the US, distributing more than 450 million cubic feet of natural gas per day and ranking among the top 5 natural gas marketers in Mexico. Its industrial client portfolio spans steel mills, glass producers, petrochemical, automotive, and food/dairy producers, with approximately 90% of clients being third-party (non-Affa affiliated). The company operates through two core subsidiaries: NEG Natural, which provides tailor-made natural gas supply, storage and balancing services, pricing/hedging instruments, market intelligence, and regulatory assistance; and NEG Power (founded 2020), which delivers electricity supply, energy management, clean energy certificates, and ESG advisory under Mexico's Wholesale Energy Market and Emissions Trading System.

NEG's revenue model is predominantly usage-based, monetizing physical natural gas and electricity volumes delivered to industrial customers, supplemented by transaction-based fees on environmental commodity trades (carbon credits, I-RECs, RECs, CELs). Pricing is quote-based and customized — disclosed publicly is not feasible due to industrial contract structure — with hedging instruments and indexing flexibility offered to reduce customer price volatility. The go-to-market is sales-led enterprise direct engagement, leveraging secured transport capacity in the CENAGAS national pipeline system (acquired 2018) and a Qualified Power Supplier permit (2022) as foundational regulatory infrastructure. Distribution is supported by offices in Monterrey (HQ), Houston, and Maceió, Brazil, with a leadership team averaging 20+ years of energy-sector experience across Alfa/Alpek. Recent strategic emphasis has shifted toward sustainability-linked products (carbon offsets, ETS compliance for facilities emitting 100,000+ tCO2/yr) and cross-border gas sourcing, positioning NEG as an integrated energy transition partner for North American industrial buyers.

Name

NEG

Legal name

NEG Natural, S.A. de C.V.

Website

https://negnatural.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

NEG (Natural Energy Group) is a B2B energy supplier and subsidiary of Alpek, distributing 450+ MMcfd of natural gas plus electricity and environmental commodities to 100+ industrial sites across Mexico, the US, and Brazil.

Ownership category

akta.pro rank

Product category

Industrial Energy Supply

NAICS

Natural Gas Distribution (2212), Natural Gas Distribution (22121), Fossil Fuel Electric Power Generation (221112)

SIC

Natural Gas Distribution (4924), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Natural Gas Retail Supplier (Competitive) Marketing & Sales (EUAAADAB)

Keywords

• Natural gas supply
• Electricity supply
• Carbon credits trading
• Renewable energy certificates
• Industrial energy solutions

Headquarters

HQ city

Monterrey

HQ country

Mexico

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Natural Gas Supply: NEG distributes more than 450 million cubic feet per day of natural gas to industrial customers in North America. Revenue is generated through the sale of natural gas supply with customized pricing alternatives including hedging instruments and indexing flexibility.
2. Electricity Supply: NEG Power offers electricity supply schemes to satisfy customer demand profiles and renewable energy targets, serving Qualified Consumers in the Mexican Wholesale Energy Market.
3. Environmental Commodities: Trading of Carbon Credits and Renewable Energy Certificates (I-RECs, RECs, CELs) for compliance with emissions regulations and voluntary emission reduction targets.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

NEG is a B2B energy supply company that distributes natural gas, electricity, and environmental commodities to industrial customers across North America. Through its NEG Natural subsidiary it delivers tailor-made natural gas supply with storage, balancing, and hedging instruments, and through its NEG Power subsidiary it provides electricity supply and energy management services to Qualified Consumers in Mexico's Wholesale Energy Market. The company also trades Carbon Credits and Renewable Energy Certificates (I-RECs, RECs, CELs) for clients' emissions compliance and renewable energy targets.

Product overview

NEG (Natural Energy Group) is an energy company of Alpek offering a portfolio of three interconnected product lines: Low Carbon Energy (NEG Natural) provides tailor-made natural gas supply solutions including storage, pricing alternatives, market analysis, and regulatory assistance; Power & Renewables (NEG Power) delivers electricity supply and energy management services along with clean energy certificates; and Environmental Commodities provides carbon credits and renewable energy certificates (I-RECs, RECs, CELs) for emission offset and renewable energy claim purposes. The company serves industrial customers across North America, distributing 450+ million cubic feet of natural gas daily.

Differentiator

Problem solved

Functional benefit

Products and services

• Low Carbon Energy (NEG Natural) Tailor-made natural gas supply solutions for industrial customers in North America, including reliable supply, storage services, imbalance management, pricing alternatives (hedging instruments and indexing flexibility), day-to-day market analysis intelligence reports, and regulatory assistance to navigate energy procurement.
• Power & Renewables (NEG Power) Electricity supply and energy management services for companies in Mexico registered as Qualified Consumers, offering power demand management, clean energy certificates, and various supply schemes to satisfy customer demand profiles and renewable energy targets within the Wholesale Energy Market.
• Environmental Commodities

Quantifiable outcome

• Distributed 450+ million cubic feet per day of natural gas
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered parent company, core, historical and minor.

• Alfaparent companyOthersNEG was founded as part of the Alfa corporate family and operates within Alfa's broader energy and industrial business ecosystem. Alfa is a major Mexican industrial conglomerate.
• Alpekparent companyOthersNEG is the energy company of Alpek, supplying natural gas to Alpek affiliates and expanding to third-party customers. NEG operates as part of Alpek's sustainability and energy solutions portfolio.
• CENAGAScoreTechnology or IntegrationNEG secured transport capacity in CENAGAS national pipeline system without high investments, enabling natural gas delivery across Mexico.
• Pioneer ResourceshistoricalStrategic or Co-development PartnerJoint venture for upstream projects in Eagle Ford (2006), representing NEG's historical involvement in oil and gas production.
• Alfa FundaciónminorStrategic or Co-development PartnerNEG collaborates with Alfa Fundación which supports public school students with high intellectual capacity through scholarships from junior high to college graduation. Currently supports 581 high school graduates.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Iberdrola México: Major private electricity generator-retailer in Mexico competing with NEG Power for Qualified Consumers and renewable energy certificate (CEL) supply contracts.
• Enel México: Global utility serving Mexican industrial and commercial electricity customers including renewable energy certificates; competes with NEG Power for clean energy supply contracts.
• Engie México: Subsidiary of global utility Engie supplying electricity and gas to industrial and commercial customers across Mexico; overlaps with NEG Power's electricity supply and renewable energy certificate offerings.
• CFEnergia: State-owned Mexican power and gas trading arm of CFE; competes with NEG Power in supplying Qualified Consumers in the Mexican Wholesale Energy Market and offers industrial natural gas supply.
• Vitol Mexico: Global energy trader with significant Mexican gas and power marketing presence competing on wholesale procurement, hedging, and cross-border flows relevant to NEG's supply book.
• Shell Energy México: Global commodity trader's retail arm active in Mexican industrial gas and power supply; competes head-to-head with NEG on the same Qualified Consumer customer base.
• TC Energy (Mexico operations): Operates major natural gas pipelines (TGN, TGM) feeding Mexican industrial demand; competes with NEG for industrial gas supply contracts and pipeline capacity economics.

Regional players

• ATCO / Energía de los Ríos: North American energy infrastructure and natural gas distribution operator with industrial customers; comparable in distributed natural gas and energy solutions to industrial end users.

Direct peers

• IEnova (Sempra Infraestructura): Mexico's largest private natural gas transportation and marketing operator and a direct competitor for industrial gas supply and pipeline transport capacity in the same Mexican geography as NEG.

Emerging players

• Carboneum: LatAm-focused environmental commodity and carbon credit marketplace; comparable as an emerging competitor in the I-REC/CEL/carbon credit trading space adjacent to NEG's environmental commodities line.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/neg-natural

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 NEG