Tender award in Plan Gas.Ar’s 2nd round
Buenos Aires, March 9, 2021. Pampa Energía S.A. (‘Pampa’ or the ‘Company’; NYSE: PAM; ByMA: PAMP) informs that today the Secretariat of Energy awarded volumes and prices tendered in the second round under the Plan to Promote Argentine Natural Gas Production (‘Plan Gas.Ar’). Like the first round, Pampa is one of the two producers bidding an incremental volume during the winter season.
With this bid, Pampa’s injection commitment amounts to 318 million cubic feet per day for the winter of 2021-2024. Comparing with 2020, it represents an annual production growth of 15% and a 28% rise during the peak season, the country’s highest gas-demanding months. Hence, domestic production is encouraged by reducing gas imports, liquid fuel usage and carbon footprint, as well as moderating foreign currency reserves’ disburse.
The participation in Plan Gas.Ar tenders place Pampa among the sector’s leading companies and strive for stability in the production and cash flow for the next four years of the program. Moreover, it materializes Pampa’s strong investment commitment to our country, which will exceed US$250 million during the four years of Plan Gas.Ar.
For further information, please contact:
Gustavo Mariani – CEO
Gabriel Cohen – CFO
Lida Wang – IR and sustainability officer
The Pampa Energía Building
Maipú 1, (C1084ABA), Buenos Aires, Argentina
Phone: +54 (11) 4344 6000