Overview
- Transportadora de Gas del Sur (TGS) is moving its US$3 billion Natural Gas Liquids (NGL) project from planning to formal steps with YPF approved as a gas supplier rather than an equity partner.
- TGS says it has supply contracts that cover about 70% of initial processing capacity and plans to split the scheme into two companies for Neuquén processing and a 573‑km liquids pipeline to Bahía Blanca.
- Compañía Mega inaugurated a US$260 million fractionation train in Bahía Blanca on June 7 and filed a separate RIGI application to expand pumping capacity to handle more liquids from Vaca Muerta.
- TGS estimates the build would create roughly 4,000 direct and 15,000 indirect construction jobs and could support around US$1.2 billion a year in exports once operational.
- What to watch next: TGS’s formal RIGI submission, financing decisions and any new partners for the two project vehicles will determine timing for pipeline, processing and export‑terminal construction.