Santiago Herrera's questions to Transportadora de Gas del Sur SA (TGS) leadership • Q2 2025
Question
Santiago Herrera of Alaria asked about the total cost impact from the Bahia Blanca event on the SARI Complex, the amount received from ship-or-pay contract compensation, and which client was responsible for the deterioration in accounts receivable.
Answer
CFO Alejandro Basso stated the total estimated cost of the event is around $40 million, the ship-or-pay compensation was $7 million, and the accounts receivable issue was with the marketer Albanese, for which a bad debt allowance was booked, though 50% has been recovered in cash.