International Gas Transporter
International Gas Transporter
The company says this exceptional growth is due to efforts to reduce debt.
Find the validation of The Lie Buster at the end of the news.
In the presentation of the results of the first quarter of this year, Transportadora de Gas Internacional (TGI) had revenues of $1.8 million, an increase of 1.8 percent compared to the period between January and March 2022.
(Also read: Ecopetrol entered the top 5 most valuable brands in Latin America)
The company reached one a net profit of USD$41 million, an increase of 94 percent compared to the same quarter of 2022. In addition, an Ebitda of 85 million dollars arose, going from 79.9 percent to 81.8 percent in the margin of this indicator.
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Between January and March 2023, TGI transported 469 million cubic feet per day (MCFD). The company highlighted that the renewal of contracts had a greater dynamic and has been prepared to meet the thermal demand due to a potential El Niño Phenomenon.
Monica Contreras, president of TGI.
We hope to expand our demand towards the industrial and Vehicular Natural Gas (NGV) sectors by around 15 MPCD by 2023 and 90 MPCD by 2030.
“We work for the generation of greater demand for natural gas, in addition to what we already have for 500 MDPC. We expect to expand our demand towards the industrial and Vehicular Natural Gas (NGV) sectors by around 15 MPCD by 2023 and 90 MPCD by 2030, which represents a growth of 18 percent with respect to the current structural demand for the next seven years. , contributing significantly to the country’s decarbonization process,” explained Mónica Contreras Esper, president of TGI.
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