Jun. 4 at 2:34 AM
Citigroup, Banco Santander and JPMorgan are working on a financing package of about
$1 billion for Transportadora de Gas del Sur’s (TGS) major natural gas liquids project in Argentina’s Vaca Muerta shale formation, according to sources familiar with the matter. The funding would support the company’s planned
$3 billion NGL Project, which includes new gas processing facilities, a 573-kilometer pipeline to Bahía Blanca, and export infrastructure. TGS expects the project to generate roughly
$1.2 billion in annual exports once operational.
The development is part of Argentina’s broader effort to expand energy exports and remove infrastructure bottlenecks that have limited growth in Vaca Muerta. The project is expected to benefit from President Javier Milei’s RIGI investment incentive program and follows other large financing deals in the sector, including a
$2 billion syndicated loan for the Vaca Muerta Sur pipeline.
$C $SAN $JPM $YPF