Today, Thursday, November 14, 2024, Transportadora de Gas del Sur TGS closed the stock market session with a valuation of 6,230. Compared to the previous day, the asset experienced a rise.
The price of Transportadora de Gas del Sur exhibits an upward trend compared to previous days, indicating an increase in market confidence. It even marks an increase in what was the day in ByMA.
About Transportadora de Gas del Sur TGS
Transportadora de Gas del Sur SA (TGS) is a leading Argentine company in the natural gas transportation industry. Founded in December 1992 after the privatization of Gas del Estado, TGS has established itself as the largest gas supplier in Argentina, operating the most extensive pipeline system in the country and Latin America. The company transports 60% of the natural gas consumed in Argentina and supplies directly to distributors, electric generators and industries.
TGS is known for its significant infrastructure and making significant investments to improve and expand its transportation capacity. In 2022, the company announced a $150 million investment plan to upgrade existing facilities and expand its transportation capabilities. The company has made various investments in compression stations and has expanded its pipeline network in the Patagonian region to increase its natural gas distribution capacity.
In addition, Transportadora de Gas del Sur TGS has been publicly listed since 1992 and has a corporate governance structure that includes a board of directors made up of members with extensive experience in the energy sector. The company has also committed to various corporate social responsibility initiatives, focusing on environmental sustainability and community engagement, committing approximately $10 million annually to environmental projects.
TGS not only plays a critical role in Argentina’s energy sector, but is also a key player in the Latin American natural gas market.
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