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 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 December 31, 2018, Pampa holds a 25.5% indirect interest in TGS through CIESA (‘Compañía de Inversiones de Energía S.A.’).


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

Technical Data 2017 2018
Gas Transportation
Average firm capacity contracted (in million m3 per day) 79.1 81.7
Average deliveries (in million m3 per day) 66.0 69.6
Production and commercialization of liquids
Total liquid production (in thousand ton) 908.9 1,063.1
Gas processing capacity (in million m3 per day) 47.0 47.0
Storage capacity (in ton) 58,988 58,988
Financial Data(1) 2017 2018
Revenues 19,953 34,063
Fiscal year‘s results 5,751 11,416
Assets 44,853 61,943
Liabilities 19,574 30,998
Shareholders’ Equity 25,279 30,945

(1)Annual consolidated financial statements figures under IFRS, adjusted by inflation, in million pesos.