TGS (‘Transportadora de Gas del Sur S.A.’) is the country’s main gas transportation company, operating the largest pipeline system in Latin America. It is also a leader in the production and sale of NGL (‘natural gas liquids’), conducting these activities at the General Cerri Complex, located in Bahía Blanca, Province of Buenos Aires. TGS provides comprehensive natural gas solutions, including transportation to the main pipeline via the Vaca Muerta gathering pipeline, treatment at the Tratayén plant, and injection into the main gas pipeline. It also provides telecommunications solutions through its controlled company, Telcosur. As of December 31, 2024, Pampa holds a 26.9% interest in TGS. To see more information about TGS’s tariff situation, click here.
The following charts summarizes the technical and financial information of TGS:
| Technical information | 2024 | 2025 |
|---|---|---|
| Gas transportation | ||
| Average firm capacity contracted (in mcmpd) | 83,5 | 89,3 |
| Average delivery (in mcmpd) | 69,5 | 74,2 |
| Production and commercialization of liquids | ||
| Total liquids production (in thousand ton) | 1,052 | 1,096 |
| Gas processing capacity (in mcmpd) | 47.0 | 47.0 |
| Midstream | ||
| Treatment and compression capacity (in mcmpd) | 21.4 | 28.0 |
| Financial information, in US$ million(1) | 2024 | 2025 |
|---|---|---|
| Revenues | 1,182 | 1,183 |
| Fiscal year‘s results, attributable to company’s shareholders | 359 | 289 |
| Assets | 3,289 | 3,721 |
| Liabilities | 1,125 | 1,571 |
| Shareholders’ Equity | 2.164 | 2.150 |
| (1)Annual financial statements figures under International Financial Reporting Standard (IFRS), in million pesos, adjusted by inflation as of December 31, 2024 and 2025 and restated at the closing FX of each period. | ||
