TGS Puerto Galván LNG Terminal
| Part of the Global Gas Infrastructure Tracker, a Global Energy Monitor project. |
TGS Puerto Galván LNG Terminal, also known as Planta de GNL Puerto Galván (TGS), is an LNG export terminal in Argentina with units that are proposed.
Location
Table 1: Location details
| Name | Location | Coordinates (WGS 84) |
|---|---|---|
| Stage 1 | Bahía Blanca, Buenos Aires, Argentina[1][2] | -38.784331, -62.299546 (approximate) |
| Stage 2 | Bahía Blanca, Buenos Aires, Argentina[1][2] | -38.784331, -62.299546 (approximate) |
The map below shows the approximate location of the terminal:
Project Details
Table 2: Infrastructure details
| Name | Facility type | Status | Capacity | Total terminal capacity | Offshore | Associated infrastructure |
|---|---|---|---|---|---|---|
| Stage 1 | export[2][3] | proposed[4][2] | 2.5 mtpa[2][3][5][6][7][8] | 5.4 mtpa | False | Vaca Muerta[2] |
| Stage 2 | export[2][3] | proposed[4][2] | 2.9 mtpa[2][3][5][6][7][8] | 5.4 mtpa | False | Vaca Muerta[2] |
Table 3: Cost
| Name | Facility type | Cost | Total known terminal costs |
|---|---|---|---|
| Stage 1 | export[2][3] | – | – |
| Stage 2 | export[2][3] | – | – |
Financing
No financing data available.
Table 4: Project timeline
| Name | Facility type | Status | Proposal year | FID year | Construction year | Operating year | Inactive year |
|---|---|---|---|---|---|---|---|
| Stage 1 | export[2][3] | proposed[4][2] | 2018[4][2] | – | – | – | – |
| Stage 2 | export[2][3] | proposed[4][2] | 2018[4][2] | – | – | – | – |
Ownership
Table 5: Ownership
| Name | Facility type | Status | Owners | Parent companies | Operator |
|---|---|---|---|---|---|
| Stage 1 | export[2][3] | proposed[4][2] | TGS - Transportadora de Gas del Sur SA [100%][9] | Pampa Energia SA [25.5%]; other [25.0%]; Fondo de Garantía de Sustentabilidad - Anses [24.0%]; EMS Capital LP; Grupo Inversor Petroquímica SL | TGS - Transportadora de Gas del Sur[2][5] |
| Stage 2 | export[2][3] | proposed[4][2] | TGS - Transportadora de Gas del Sur SA [100%][9] | Pampa Energia SA [25.5%]; other [25.0%]; Fondo de Garantía de Sustentabilidad - Anses [24.0%]; EMS Capital LP; Grupo Inversor Petroquímica SL | TGS - Transportadora de Gas del Sur[2][5] |
Background
In July 2024, TGS (Transportadora de Gas del Sur SA) reconfirmed its interest in developing an LNG export terminal at Puerto Galván, in the city of Bahía Blanca, Buenos Aires province, Argentina.[10][11] The proposed terminal would include up to 4 export trains[10], each with a capacity of 4 MMm3/d (million cubic meters per day), for a total capacity of up to 16 MMm3/d.[11], or between 4.0 and 5.3 mtpa (metric tonnes per annum).[10]
TGS had previously been studying a similar LNG export project in Bahía Blanca as a joint venture with Excelerate Energy.[11][12] However, as of June 2024, Excelerate appeared to be abandoning the Bahía Blanca location in favor of a stake in the new Argentina GNL terminal proposed by YPF and Petronas in Río Negro province.[12] One month earlier, TGS had put its own plans for the Bahía Blanca terminal on standby while it studied the possibility of supporting the YPF-Petronas project instead[13] — but the company's July 2024 announcement made it clear that the Puerto Galván liquefaction project was back on the table.[10]
LNG terminal shelved, NGL terminal planned in same location
As of August 2026, the original Puerto Galván LNG export terminal appeared to have been abandoned, with TGS now focusing on an NGL (natural gas liquids) export project in the same location. TGS dropped all mention of the LNG export project from its 2025 annual report, referring to Puerto Galván only as a liquids processing facility.[14] Meanwhile, it appeared that the most recent official TGS financial disclosure or annual report explicitly mentioning the LNG export project was the company's Form 6-K from March 2024, which spoke of "the development of a natural gas liquefaction Plant in Bahía Blanca that may lead to the export of natural gas produced in Vaca Muerta."[15]
In the absence of more recent news, the Puerto Galván LNG terminal was presumed to be shelved.
As of June 2026, Santander, Citi, and JP Morgan were considering a $1 billion investment to the natural gas liquids terminal project.[16] The sponsoring company also announced a potential $3 billion in capex, a little over 50% of it to go directly to the NGL terminal.[17]
Articles and Resources
Additional data
To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.
References
- ↑ 1.0 1.1 http://www.argenports.com.ar/nota/exportacion-de-gnl-por-bahia-blanca-y-dos-proyectos-en-eterna-evaluacion.
{{cite web}}: Missing or empty|title=(help) - ↑ 2.00 2.01 2.02 2.03 2.04 2.05 2.06 2.07 2.08 2.09 2.10 2.11 2.12 2.13 2.14 2.15 2.16 2.17 2.18 2.19 2.20 2.21 2.22 2.23 https://www.mejorenergia.com.ar/noticias/2024/07/02/2965-tgs-mantiene-firme-su-proyecto-de-gnl-en-bahia-blanca.
{{cite web}}: Missing or empty|title=(help) - ↑ 3.00 3.01 3.02 3.03 3.04 3.05 3.06 3.07 3.08 3.09 https://www.argenports.com.ar/nota/exportacion-de-gnl-por-bahia-blanca-y-dos-proyectos-en-eterna-evaluacion.
{{cite web}}: Missing or empty|title=(help) - ↑ 4.0 4.1 4.2 4.3 4.4 4.5 4.6 4.7 https://patagoniashale.com.ar/shale-gas-tgs-piensa-en-exportar-gnl-a-partir-de-2020/.
{{cite web}}: Missing or empty|title=(help) - ↑ 5.0 5.1 5.2 5.3 https://argenports.com/nota/tgs-mantendria-su-proyecto-de-gnl-en-el-puerto-de-bahia-blanca/.
{{cite web}}: Missing or empty|title=(help) - ↑ 6.0 6.1 https://argenports.com/nota/exportacion-de-gnl-por-bahia-blanca-y-dos-proyectos-en-eterna-evaluacion/.
{{cite web}}: Missing or empty|title=(help) - ↑ 7.0 7.1 https://globalenergyprize.org/en/2024/11/08/argentina-could-become-south-americas-largest-lng-exporter/.
{{cite web}}: Missing or empty|title=(help) - ↑ 8.0 8.1 https://www.parlamentario.com/2024/07/03/tgs-remarco-su-intencion-de-operar-gnl-en-bahia-blanca/.
{{cite web}}: Missing or empty|title=(help) - ↑ 9.0 9.1 (PDF) https://www.tgs.com.ar/files//files/Resultados_trimestrales/2024/A63-6-2024.pdf.
{{cite web}}: Missing or empty|title=(help) - ↑ 10.0 10.1 10.2 10.3 "TGS mantiene firme su proyecto de GNL en Bahía Blanca". Mejor Energía. 2024-02-07. Retrieved 2026-02-20.
{{cite web}}: CS1 maint: url-status (link) - ↑ 11.0 11.1 11.2 "Exportación de GNL por Bahía Blanca y otro proyecto en eterna evaluación". ArgenPorts. 2024-07-06. Retrieved 2026-02-20.
{{cite web}}: CS1 maint: url-status (link) - ↑ 12.0 12.1 "GNL: Excelerate se aleja de su proyecto con TGS y sueña con el negocio que abrirá la planta de YPF". El Cronista. May 31, 2024.
{{cite web}}: CS1 maint: url-status (link) - ↑ "TGS pone "a la espera" proyecto de GNL en Argentina mientras YPF busca patrocinadores". Bloomberg Línea. May 8, 2024.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Annual Report and Financial Statements 2025" (PDF). TGS. 2026-02-27.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Annual Report and Financial Statements 2023". TGS. 2024-03-26.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Santander, Citi y JPMorgan trabajan en un paquete de financiamien..." www.industrialinfo.com. Retrieved 2026-06-23.
- ↑ "Argentina: TGS desarrollará proyecto energético en complejo portuario de Bahía Blanca - PortalPortuario". portalportuario.cl. Retrieved 2026-06-23.
