UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
_____________
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities and Exchange Act of 1934
For December 4, 2017
Commission file number: 1-13.396
Transportadora de Gas del Sur S.A.
Don Bosco 3672, Fifth Floor
1206 Capital Federal
Argentina
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F
X
Form 40-F
Indicate by check mark if registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): __
Indicate by check mark if registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): __
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to the Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes
No
X
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
1
TGS Announces an Increase of its Natural Gas Transportation Tariffs
FOR IMMEDIATE RELEASE: Friday, December 1, 2017
Buenos Aires, Argentina - Transportadora de Gas del Sur S.A.
(TGS or the Company) (NYSE: TGS, MERVAL: TGSU2) today reported that,
in line with the provisions of Resolution no. 74E/2017 issued by the Ministry of Energy and Mining (MINEM), the Gas Regulatory Body (ENARGAS) issued Resolution no. 120/2017 -published in the Official Gazette today-, whereby ENARGAS approves, starting December 1, 2017, a 78% increase in the current tariff charts for natural gas transportation public utilities carried out by TGS, which represents a 9.5% increase for end users (the Increase).
The Increase is being granted within the framework of the Transitory Agreement entered into on March 30, 2017, among the Company, the Minister of Energy and Mining and the Minister of Finance, in order for TGS to have the resources required to carry out the corresponding Investment Plan established, which is overseen by the ENARGAS.
The Increase must be considered on account of the calculations to be made on the date of enforcement of the Agreed Minute of License Comprehensive Renegotiation endorsed by TGS on March 30, 2017.
TGS is Argentinas leading transporter of natural gas, as it operates a natural gas pipeline system with a current firm contracted capacity of approximately 2.8 Bcf/d. The Company is also Argentinas leading processor of natural gas and one of the largest marketers of Liquids. TGS is listed on both, the New York and Buenos Aires stock exchanges, under the ticker symbols TGS and TGSU2, respectively. TGSs controlling shareholder is Compañía de Inversiones de Energía S.A. (CIESA), which holds 51% of the Companys common stock. CIESA is under co-control of: (i) Petrobras Argentina S.A. (under a merger process with Pampa Energía S.A.) which holds 10% of CIESAs common stock, (ii) CIESA Trust (whose trustee is TMF Trust Company (Argentina) S.A. and whose beneficiary is Petrobras Hispano Argentina S.A. -a wholly owned company by Pampa Energía S.A.- who has a trust shareholding of 40%, and (iii) Grupo Inversor Petroquímica S.L. and PCT LLC, who directly and indirectly jointly with WST S.A. through PEPCA S.A., own the remaining 50% of CIESAs shareholding.
This press release includes forward-looking statements within the meaning of Section 27 A of the Securities Act of 1933, as amended. Forward-looking statements are based on managements current views and assumptions and involve known and unknown risks. Although the Company has made reasonable efforts to ensure that the information and assumptions on which these statements and projections are based are current, reasonable and complete, a variety of factors could cause actual results to differ materially from the projections, anticipated results or other expectations contained in this release. Neither the Company nor its management can guarantee that anticipated future results will be achieved. Investors should refer to the Companys filings with the U.S. Securities and Exchange Commission for a description of important factors that may affect actual results.
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Transportadora de Gas del Sur S.A.
|
|
|
|
By:
|
/s/Alejandro M. Basso
|
|
|
Name:
|
Alejandro M. Basso
|
|
|
Title:
|
Vice President of Administration, Finance and Services
|
|
|
|
|
By:
|
/s/Hernán Diego Flores Gómez
|
|
Name:
|
Hernán Diego Flores Gómez
|
|
Title:
|
Legal Affairs Vice president
|
Date: December 4, 2017
3