Luis Caputo announced the expansion of the Perito Moreno gas pipeline and highlighted the paradigm shift in public works.
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The Government of Javier Milei announced that the Evaluation Committee of the Incentive Regime for Large Investments (RIGI) approved a new strategic project for the sector energy worth more than 700 million dollars, bringing the number of approved initiatives to 14 and close to $100 billion in total investments
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Through a message published in X, the Minister of Economy, Luis “Toto” Caputo, reported: “The RIGI Evaluation Committee approved today the TGS expansion project of the Perito Moreno gas pipeline.”
“It is an investment of more than 500 million dollars (which also make it possible for TGS to invest another 200 million dollars) that will be operational before the winter of 2027 and will allow an additional 12 million cubic meters of gas per day in the Buenos Aires ring,” he explained about the amount of the investment.
Luis Caputo's message.
According to the official, the work will have a direct impact on the country's energy supply. “This will benefit residential, industrial and power generation customers who will have more gas at a fraction of the cost of moving LNG,” he said.
The announcement also highlights a structural change in the way we approach this type of project. In this regard, Caputo said: “It also marks a paradigm shift, since after more than 20 years it is once again the private sector that contracts and finances a gas transportation project and sells that additional capacity to other private individuals and not to the State
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The expansion of the Perito Moreno gas pipeline joins a series of initiatives approved under RIGI, a regime designed to attract large scale investments in strategic sectors such as energy, mining and infrastructure. According to the minister himself, the scheme shows historic results in terms of investment volume.
“With this, 14 projects have already been approved by RIGI for total investments of 28 billion dollars and there are 26 other projects under evaluation that would bring the total investment of RIGI projects to 97 billion dollars,” said Caputo.
A gas pipeline.
The progress of these projects reinforces the Milei Government's strategy to promote economic development through private capital, focusing on creating infrastructure and improving the country's competitiveness
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In this case, the increase in gas transport capacity aims to reduce costs and ensure greater energy availability, especially in periods of high demand such as winter.
The initiative is framed in a context where the Government establishes clear rules to attract investment and reduce direct state participation in the financing of works, betting on a model where the private sector assumes a central role both in the execution and in the construction of infrastructure.
With this new approval, RIGI once again positions itself as one of the Executive's main tools to energize the economy and strengthen key sectors, with projects that already reach tens of billions of dollars.
