Company Overview - TGS is the largest gas pipeline in Latin America, transporting 61% of Argentina's natural gas consumption through 9,248 km of pipelines[25] - The company has a firm contracted capacity of 89 MMm3/Day[25] - TGS operates as a natural gas processor with a capacity of 47 MMm3/Day and produces 1.1MM MT of liquids annually[25] Financial Performance - TGS reported LTM EBITDA of US$341MM from natural gas transportation[25] - Liquids segment contributed US$176MM in LTM EBITDA[26] - Midstream and other services generated US$156MM in LTM EBITDA[27] - As of September 30, 2025, TGS has US$634 MM in cash and financial investments[131] Tariff and License - A 675% tariff increase was implemented through tariff normalization measures[46] - TGS secured a license extension until 2047[52] Vaca Muerta Expansion - TGS is undertaking a 14 MMm3/d Transportation Capacity Expansion Project Proposal[56] - The company has invested US$700 million in Vaca Muerta midstream infrastructure[98] - The North tranche of the Vaca Muerta project has a capacity of 35 MMm3/d, while the South tranche has a capacity of 25 MMm3/d[98]