Argentina Approves TGS to Join RIGI Program, USD 550 Million Expansion of Perito Moreno Gas Pipeline

en.Wedoany.com Reported - On May 13, Argentina's Ministry of Economy approved Transportadora de Gas del Sur (TGS) to join the Large Investment Incentive Regime (RIGI) for the USD 550 million Perito Moreno gas pipeline expansion project. The company transports approximately 60% of Argentina's natural gas consumption.

This approval covers Phase I of the expansion project, which will increase daily transportation capacity by 14 million cubic meters upon completion, helping to enhance Argentina's gas transportation efficiency and meet growing domestic consumption and export demand. TGS stated that the project will be implemented through a dedicated local subsidiary established under the RIGI framework, with the investment used for related infrastructure construction, financing, operation, and maintenance.

RIGI is an institutional framework established by the Argentine government to attract large-scale investments, offering long-term stable conditions in areas such as taxation, customs duties, and foreign exchange. The Perito Moreno pipeline expansion project is a key component of Argentina's energy infrastructure investment, helping to strengthen the country's position in the regional natural gas market.

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