Transportadora de Gas del Sur

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Transportadora de Gas del Sur
legal form	Corporation
ISIN	US8938702045
founding	5th December 1992
Seat	Buenos Aires , Argentina
management	Rafael Fernández Morandé
Branch	Gas network operator
Website	www.tgs.com.ar

The Argentine TGS Transportadora de Gas del Sur SA (TGS) is the largest natural gas company in Latin America .

Business object

The company has a 60% share of the gas market in Argentina. Private end customers as well as local sales companies, power plants and industrial companies are supplied . For this purpose, the company operates a 7,419 km long pipeline system. The transport capacity is 62.5 million cubic meters per day with a usable energy of HP 538,220. This gas business is regulated by the Argentine government.

Aside from the regulated gas business, TGS offers other non-regulated services. This includes a telecommunications division and the processing of natural gas. TGS is one of the major liquefied petroleum gas ("NGL") traders . The company operates the General Cerri complex (in Buenos Aires ).

history

In 1856 gas street lights were installed in Buenos Aires and later in other cities. Local gas supply companies were founded for this purpose. In 1945 these companies were nationalized. Under the name "Gas del Estado" the gas supply took place as a state monopoly. As part of the privatization in 1992, the state monopoly Gas del Estado became the TGS, which at the same time lost its monopoly. As part of the privatization, the company was floated on the stock exchange.

TGS is a company listed on the Buenos Aires Stock Exchange .