Santiago Herrera's questions to GAS TRANSPORTER OF THE SOUTH (TGS) leadership • Q2 2025
Question
Santiago Herrera asked about the total cost impact from the Cerri Complex event, the amount received from a ship-or-pay contract, and which client was responsible for the deterioration in accounts receivable.
Answer
CFO Alejandro Basso estimated the total cost of the Cerri event at approximately $40 million, including expenses and asset impairments. He confirmed a $7 million compensation from a ship-or-pay contract. He identified the marketer Albanese as the source of the bad debt, noting that 50% of the amount has since been recovered in cash.