TGS (‘Transportadora de Gas del Sur S.A.’) is the most important gas transportation company in the country, and it operates the largest pipeline system in Latin America. It is also a leading company in the production and commercialization of NGL (‘natural gas liquids’) for domestic and export markets, conducting this business from the General Cerri Complex located in Bahía Blanca, Province of Buenos Aires. TGS also provides comprehensive solutions in the natural gas area and, since 1998, it has also landed in the telecommunications area through its controlled company Telcosur S.A.. As of March 31, 2021, Pampa holds a 28.7% interest in TGS.


The following charts summarizes the technical and financial information of TGS:

Technical Data 2019 2020
Gas transportation
Average firm capacity contracted (in million m3 per day) 82.6 82.5
Average delivery (in million m3 per day) 66.9 64.2
Production and commercialization of liquids
Total liquids production (in thousand ton) 1,022.9 1,167.6
Gas processing capacity (in million m3 per day) 47.0 47.0
Storage capacity (in thousand ton) 54.0 54.0
Financial Data(1) 2019 2020
Revenues 66,112 55,871
Fiscal year‘s results, attributable to company’s shareholders
17,433 3,286
Assets 130,152 128,594
Liabilities 64,691 62,568
Shareholders’ Equity 65,461 66,026

(1)Annual financial statements figures under International Financial Reporting Standard (IFRS), in million pesos, adjusted by inflation as of December 31, 2020.