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Argentina Awards TGS $700 Million Expansion of Perito Moreno Gas Pipeline

The move advances the Milei administration’s shift toward private-led energy infrastructure.

Overview

  • Resolution 397/2025 published today formalizes the award to Transportadora de Gas del Sur for the Tramo I works between Tratayén and Salliqueló.
  • The project adds 14 million cubic meters per day, raising capacity to 35 MMm3/d through new pipeline sections and three compressor stations totaling 90,000 HP.
  • Officials estimate more than $700 million in annual foreign-exchange savings and roughly $500 million in fiscal benefit by reducing LNG and liquid-fuel imports.
  • The tender includes an option for additional capacity in exchange for ceded capacity reservations and use of Enarsa’s existing infrastructure.
  • The expansion is expected to spur about 20 new wells in Vaca Muerta and over $450 million in conditioning investments, and TGS was reported as the sole bidder in the July 28 process.