en.Wedoany.com Reported - Argentina's TGS (Transportadora de Gas del Sur) has confirmed the execution of its natural gas liquids (NGLs) project, the largest investment of its kind in the country's history, with production scheduled to begin in 2030. The project has received board approval and will cover over 80% of capacity following agreements signed with YPF, Pluspetrol, and Chevron. TGS is currently in advanced negotiations with other producers to secure the remaining capacity.

TGS CEO Oscar Sardi stated that the project, with an investment of $3 billion, will generate approximately $1.2 billion in exports annually, representing a key strategic investment to strengthen the country's production infrastructure. The project aims to recover liquids from natural gas generated during hydrocarbon production. Construction includes a natural gas separation pipeline approximately 100 kilometers long, new natural gas processing facilities at the Tratayén plant, product pipelines connecting Tratayén and Bahía Blanca, as well as the construction of a fractionation plant and product storage facilities in Bahía Blanca, along with offshore terminal facilities for exports.

This initiative will address one of the main bottlenecks constraining development in the Vaca Muerta region, consolidating Argentina's export growth. The project will help expand crude oil production and regulate associated gas for transportation through main pipelines and export pipelines. During the four-year construction period, it is expected to create approximately 4,000 direct jobs and 15,000 indirect jobs.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com