Edition:
United States

Profile: Transportadora de Gas del Sur SA (TGS.N)

TGS.N on New York Stock Exchange

8.23USD
7 Dec 2016
Change (% chg)

$0.01 (+0.12%)
Prev Close
$8.22
Open
$8.25
Day's High
$8.25
Day's Low
$8.13
Volume
21,332
Avg. Vol
51,097
52-wk High
$8.28
52-wk Low
$4.60

Transportadora de Gas del Sur S.A., incorporated on December 1, 1992, is engaged in the transportation of natural gas and production and commercialization of natural gas liquids (Liquids). The Company operates through four segments: Natural Gas Transportation Services, Liquids Production and Commercialization, Other Services and Telecommunications. The Company's pipeline system connects gas fields in southern and western Argentina with gas distributors and industries in those areas and in the greater Buenos Aires area. It also provides midstream services, which consist of gas treatment, removal of impurities from the natural gas stream, gas compression, wellhead gas gathering and pipeline construction, operation and maintenance services. The Company transports gas through approximately 5,675 miles of pipeline, of which it owns 4,745 miles. It operates the remaining 930 miles, which are owned by the Gas Trusts. The Company operates the General Cerri natural gas processing complex and the associated Galvan loading and storage facility in Bahia Blanca in the Buenos Aires Province where Liquids are separated from natural gas transported through its pipeline system and stored for delivery.

Natural Gas Transportation Services

The Company's Natural Gas Transportation Services segment includes firm contracts, under which pipeline capacity is reserved. The Company also provides natural gas transportation services subject to available pipeline capacity. In addition, it renders operation and maintenance services of the natural gas transportation facilities, which belong to certain gas trusts (fideicomisos de gas).

Liquids Production and Commercialization

The Company's Liquids Production and Commercialization segment activities are conducted at its Cerri Complex, which is located near the city of Bahia Blanca, Province of Buenos Aires. In the Cerri Complex, ethane, liquid petroleum gas (LPG) and natural gasoline are extracted from the natural gas, which arrives through its main pipelines from the Neuquen and Austral natural gas basins. The Company sells its production of liquids in the domestic and the international markets. It sells part of its production of propane and butane to liquids marketers in the domestic market. The remainder of these products and all of its natural gasoline are exported at international market prices.

The Company operates its Liquids business under two different types of contractual arrangements: Liquids production and commercialization for its own account, under this the Company owns the Liquids products obtained at its Cerri Complex, and Liquids production and commercialization on behalf of third parties, under this the Company also processes natural gas and markets the Liquids products in exchange for a commission based on a percentage of the sale price. Its Liquids Production and Commercialization segment also comprises storage and dispatch by truck and subsequent shipment of the liquids extracted at the Cerri Complex to facilities located in Puerto Galvan.

Other Services

The Company's Other Services segment consists of midstream services that include natural gas treatment, separation and removal of impurities from the natural gas stream, as well as natural gas compression, rendered at the wellhead typically for natural gas producers. In addition, the Company provides services related to pipeline and compression plant construction, operation and maintenance of pipelines and compressor plants services, as well as steam generation for electricity production. Its portfolio of midstream customers includes distribution companies, industrial users, power plants and refineries. Its midstream activities include the separation and removal of impurities, such as water, carbon dioxide and sulfur from the natural gas stream. In addition, it provides operation and maintenance of pipelines services to its affiliates Gas Link S.A.

Telecommunications

The Company's Telecommunications segment provides telecommunication services through its subsidiary, Telcosur S.A. (Telcosur). Telcosur is a telecommunications company that provides data transportation services using its digital land radio telecommunications system with Synchronous Digital Hierarchy (SDH) technology. Telcosur provides services as an independent carrier of carriers to telecommunication operators and corporate customers located in its service area.

The Company competes with Transportadora de Gas del Norte S.A. and Compania MEGA S.A.

Company Address

Transportadora de Gas del Sur SA

Don Bosco 3672 - 6 P
BUENOS AIRES     C1206ABF
P: +5411.48659050
F: +5411.48657154

Company Web Links