Santander, JPMorgan to Back $1 Billion TGS Vaca Muerta Financing
A trio of major financial institutions, including Citigroup, Banco Santander SA, and JPMorgan, are collaborating on a $1 billion financing package for a project led by Transportadora de Gas del Sur SA in Argentina's Vaca Muerta shale formation. This initiative underscores the growing investment interest in Argentina’s burgeoning oil and gas sector, especially in one of the world's largest shale reserves. The financing could significantly boost TGS's operational capabilities and further development in the Vaca Muerta region, which is pivotal for Argentina's energy future and economic growth.
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