Midstream Business

CGC is a co-controlling partner in TGN & GasAndes, (the second largest gas transport infrastructure asset in Argentina, connecting with Chile, Bolivia, Uruguay and Brazil and a LNG regasification plant in Argentina) and Gas Andes (a pipeline network connected with Chile).

We indirectly hold a relevant and strategic participation on natural gas Midstream assets, which consists of 28% interest in TGN, a 39.99% interest in each of GasAndes Argentina and GasAndes Chile, and a 15.77% interest in TGM.

Transportadora de Gas del Norte S.A. (TGN)

TGN is one of the two principal natural gas transportation companies operating in Argentina, supplying natural gas to the north and central regions of Argentina. The TGN pipeline network is comprised of the Northern and Mid-West pipelines and has a total length of approximately 6,800 km and a delivery capacity of approximately 60 MMm3/d. The total length of the Northern pipeline, which begins in Campo Durán (Salta) up to San Jerónimo Plant (Santa Fe),  is 4,550 km. It includes trunk pipelines and loops with 12 compressor stations, and has an aggregate of 204,620 hp of installed compression capacity. The total transportation capacity of the Northern pipeline is 28.0 MMm3/d. The total length of the Mid-West pipeline, which begins in Loma de la Lata field (Neuquen) up to San Jerónimo Plant, is 2,256 km. It includes branch lines and loops with eight compressor stations, and has an aggregate of 171,000 hp of installed compression capacity. The Mid-West pipeline’s transportation capacity is 32 MMm3/d. TGN’s operating license expires in 2027 and is extendable for an additional 10-year period, subject to review and approval by the Argentine government.

Gasoducto GasAndes (Argentina) S.A. & Gasoducto GasAndes Chile S.A.

GasAndes Argentina operates the Argentine section of the GasAndes pipeline, while Gasoducto GasAndes Chile operates the Chilean section of the GasAndes pipeline. GasAndes Argentina and GasAndes Chile’s principal shareholder is Aprovisionadora Global de Energía S.A., which holds a 47.10% interest in each entity. We directly hold a 39.99% interest in in each of GasAndes Argentina and GasAndes Chile. The remaining 13.0% in each of GasAndes Argentina and GasAndes Chile is held by AES Gener S.A.

The pipeline unites the block of La Mora, in the province of Mendoza, Argentina, with the city of Santiago, in Chile and has a length of approximately 533 km and a transport capacity of 10.8 MMm3/d. GasAndes Argentina’s operating license expires in 2027 and is extendable for an additional 10-year period, subject to review and approval by the Argentine government. GasAndes Chile’s operating license was granted for an indefinite term.

Pursuant to technical assistance agreements entered into between GasAndes Argentina and us in September 2014, and between GasAndes Chile and Andes Operaciones y Servicios S.A. in August 2014, we operate the Argentine section of the GasAndes pipeline, while the Chilean sector is operated by Andes Operaciones y Servicios S.A.

Transportadora de Gas del Mercosur S.A. (TGM)

TGM operates the pipeline transporting natural gas from Aldea Brasileira, in the province of Entre Ríos in Argentina to Uruguaiana in the state of Río Grande do Sul in Brazil. The pipeline has a length of approximately 421 km, and a transport capacity of 15.0 MMm3/d. TGM’s operating license expires in December 2027 and is extendable for an additional 10-year period, subject to review and approval by the Argentine government.