Key facts
- Transportadora de Gas del Sur SA (TGS) will receive approximately $1 billion in financing.
- The financing is for operations in Argentina's Vaca Muerta shale formation.
- Citigroup, Banco Santander SA, and JP Morgan are involved as lenders.
- The deal is valued at roughly $1 billion.
Transportadora de Gas del Sur SA (TGS) is set to receive a significant financing package amounting to approximately $1 billion for its operations in Argentina's Vaca Muerta shale formation. Several major financial institutions are reportedly involved in arranging this deal. Among the lenders working on the finance package are Citigroup, Banco Santander SA, and JP Morgan. These institutions are collaborating on the roughly $1 billion deal, according to sources familiar with the matter. The Vaca Muerta formation is a key area for energy development in Argentina. The TGS Vaca Muerta project has secured a $1 billion bank finance package. This funding aims to support the expansion of TGS's natural gas transport capacity in Argentina.