TGS (‘Transportadora de Gas del Sur S.A.’) is the most important gas transportation company within 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 both the domestic and the 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 December 31, 2019, Pampa holds a 27.2% interest in TGS.


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

Technical Data 2018 2019
Gas Transportation
Average firm capacity contracted (in million m3 per day) 81.7 82.6
Average delivery (in million m3 per day) 69.6 66.3
Production and commercialization of liquids
Total liquids production (in thousand ton) 1,063.1 1,022.9
Gas processing capacity (in million m3 per day) 47.0 47.0
Storage capacity (in thousand ton) 54.0 54.0
Financial Data(1) 2018 2019
Revenues 52,399 48,561
Fiscal year‘s results, attributable to company’s shareholders
17,561 12,805
Assets 95,288 95,601
Liabilities 47,684 47,518
Shareholders’ Equity 47,604 48,083

(1)Annual financial statements figures under International Financial Reporting Standard (IFRS), in million pesos, adjusted by inflation as of December 31, 2019.