DealsJun 11, 2026, 06:06 AM
TGS Executes $3B NGLs Project Agreements with YPF, Chevron
AI Summary
Transportadora de Gas del Sur S.A. (TGS) announced the execution of commercial agreements for its Integrated NGLs Project with YPF S.A., Pluspetrol S.A., Pluspetrol Cuenca Neuquina S.R.L., and Chevron Argentina S.R.L. The project, developed by TGS and its subsidiaries PGS and MGS, involves an estimated total investment of US$ 3.0 billion. This initiative is crucial for developing Vaca Muerta, increasing crude oil production, and enabling approximately US$ 1.2 billion in annual exports.
Key Highlights
- Executed commercial agreements for the Integrated NGLs Project.
- Counterparties include YPF S.A., Pluspetrol S.A., and Chevron Argentina S.R.L.
- PGS to build 100 km pipeline and processing plant with 43 MMm³/d capacity.
- PGS's estimated investment for its part of the project is US$ 1.1 billion.
- MGS to build 577 km liquids pipeline, fractionation plant, and marine terminal.
- MGS's estimated investment for its part of the project is US$ 1.9 billion.
- Total estimated project investment is US$ 3.0 billion.
- Project expected to enable approximately US$ 1.2 billion in annual exports.
Price Impact
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