Argentina approves TGS for tax incentive scheme in $550 mln gas pipeline expansion

May 13 (Reuters) – Argentina’s economy ministry has approved Transportadora ​de Gas del Sur’s ‌application to enter the RIGI large-investment incentive scheme for a $550 ​million expansion of the ​Perito Moreno gas pipeline, the ⁠company said on Wednesday.

• The ​approval covers a project to ​expand Section I of the pipeline and add 14 million cubic ​meters per day of ​transport capacity.
• TGS said the project will ‌be ⁠carried out through a dedicated local unit set up under the RIGI framework.
• The ​company said ​the ⁠investment will cover construction, financing, operation and ​maintenance of the infrastructure ​tied ⁠to the expansion.
• TGS transports about 60% of the natural ⁠gas ​consumed in Argentina, ​according to the company.