TGS has secured letters of intent and agreements with major Vaca Muerta operators including Chevron, Shell, Tecpetrol, Pampa, Vista, and YPF, aiming to finalize binding contracts within 60 days. Marcelo Mindlin, president of Pampa Energía and co-controller of TGS, highlighted this as the largest NGL processing project in over 25 years in Argentina, crucial to unlocking Vaca Muerta’s full potential and consolidating Argentina’s energy export capacity. CEO Oscar Sardi emphasized the expected socio-economic impact, projecting the creation of 4,000 direct and 15,000 indirect jobs, reinforcing local employment.
Projected annual exports of processed NGLs are estimated to generate $1.2 billion in foreign currency, with total export impact potentially exceeding $2 billion. The project aligns with government objectives to increase private investment and export diversification under the recently extended RIGI framework, which aims to accelerate large-scale hydrocarbon developments with clear regulatory and fiscal conditions. The combined infrastructure enhancements represent a strategic shift toward transforming Argentina’s hydrocarbon sector into a more integrated and export-oriented supply chain.
This article was curated and published as part of our South American energy market coverage.
