Southern Gas Transport Company (TGS) celebrates its 30th anniversary this Tuesday by listing on the New York Stock Exchange (NYSE). After the bell rang, the managers presented their new projects to international investors.
The energy company – today co-controlled by Pampa Energy and the Sielecki family He joined the New York panel with his main business in November 1994. “During these 30 years, it evolved and transformed into an energy company that provides integrated services throughout the natural gas value chain, linking the wellhead with the consumption centers of Argentina and the world,” they highlighted from the company.
Since its entry into the New York Stock Exchange, TGS It remained listed on the main panel for three uninterrupted decades. “It is a milestone that shows its transparent actions, its financial solidity and sustained growth, which consolidated it as a key player in the regional energy industry,” they added.
At the moment, TGS It has five business lines, one of which was developed as a venture investment six years ago in the heart of Dead Cowthe second shale gas reserve on the planet, where more than US$700 million and projects more energy development.
“The memory of that iconic Bell Ringing moment is still alive in our memory and today, more than ever, we reaffirm our commitment to continue working every day for the energy development of Argentina and the region. We not only seek to provide the necessary infrastructure, but we are also motivated by the purpose of contributing to the well-being of our country,” he stated. Oscar Sardi, CEO of TGS.
From the carrier they emphasized that the price in the NYSE was a “fundamental pillar” in the access of TGS to international capital markets, which has “allowed the company to expand its infrastructure, modernize its operations and continue supporting the growth of “Dead Cow”.
After the celebration at the NYSE, the directors of TGS they carried out the “Investors Day”where the upcoming and future plans of the energy company were presented to international banks.
What does TGS do?
TGS is the main natural gas transportation company in Argentina. Through more than 9,300 km. of gas pipelines that cross 7 provinces, transport natural gas from the fields in the south and west of our country, to urban consumption centers.
During its 32 years of history, TGS has developed and evolved as a company that offers integrated services, from five business lines:
- Natural gas transportation
- Processing and marketing of gas liquids
- Midstream in Vaca
- Services
Furthermore, the company owns more than 35 facilities distributed in those seven provinces and employs more than 1,100 people. In the city of White Bayowns the Cerri Complex and the Galván Plant, where liquids derived from natural gas are processed and sold.
In Neuquen established itself as the first midstreamer of Dead Cowbased on the construction of a gas conditioning plant, PlantaTrayén, and a 183 km gas pipeline system that runs through the heart of the basin, thus providing innovative solutions to producers.
With the business line tgs integra provides the operation and maintenance service of the Néstor Kirchner Gasduct. And through the company Telcosuroffers bandwidth service in the south and west of the country, with an extensive system of ringed fiber and radio networks that cover the most important cities in the region.
What do they say about TGS in the market?
According to the latest TGS report prepared by Adcapthe company is poised for significant value creation with an extended debt maturity schedule, experienced management, the ability to navigate complex regulatory environments, and the potential unpriced upside of two projects: the expansion of GPNK and the LNG project. Together, if these projects are approved they could add US$800 million in annual EBITDA for 2026-2029potentially doubling the cash flow of TGS.
“Key regulatory approvals and investment decisions for these projects are expected to be obtained between the end of 2024 and early 2025, respectively,” the specialized firm said. On the other hand, he added that this significant increase is due to the increase in 675% on nominal rates in pesos awarded by Enargas in April 2024.
Adcap He also pointed out that if the Comprehensive Tariff Review (RTI) has “moderate success” by December 2024, this segment could approach its maximum performance, similar to the best years of the Macri administration, with 2025 reaching $300 million EBITDA. “TGS is expected to maintain these levels in the long term due to the stability of the segment,” they stated.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
