Metrogas License Extended for 20 Years
7 Articles
7 Articles
It was the piece that was missing for YPF to complete the sale of the distributor; the oil company had already accepted Edenor's offer of US$780 million for 70% of the stock package
The national government signed with Metrogas an agreement extending for 20 years the gas distribution license, which expired in December 2027. It was a decision that the executive had pending since the end of last year. The agreement states that the country’s main natural gas distribution company will invest US$ 186.8 [...]
He extended Metrogas' license for 20 years.
The company controlled by YPF obtained an extension of its concession, as had happened with TGS.
The distributor signed with the Ministry of Economy the extension for twenty additional years, which has been in force since December 2027. The agreement was signed ad referendum of the Executive Power and treats the operation as a contract with related party, because the State controls YPF, owner of 70% of the company. It is the piece that was missing for Edenor to conclude the purchase of the control package.
The Ministry of Economy and the natural gas company operating at AMBA signed an agreement until the end of 2047. It will be in exchange for investing more than $186 million in the next decade. It was one of the pending steps for YPF to complete the sale of 70% of the company.
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