Company: PAM
Filing Date: 2025-04-16
Form Type: 20-F
Source: 0001292814-25-001504
Chunk: 20

Company: Pampa Energy Inc.
Filing Date: 2025-04-16
Form: 20-F
Item: Item 3
Chunk 20
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 more than
U. S.$ 700 million in midstream infrastructure, a 183-km gas pipeline network crossing multiple hydrocarbon blocks, and a gas conditioning
plant in Tratayén that allows entry into the regulated transportation systems.

TGS expanded the Tratayén
plant’s capacity from 5.4 to 28 million m3 per day, with an approximate U. S.$ 350 million investment. Works consisted of the installation
of two plants of 6.6 million m3 per day each, inaugurated in November 2024 and February 2025. With minimal investment, these plants can
be converted to process natural gas in the heart of the Neuquina Basin, enabling the extraction of Natural Gas Liquids.

In 2024, progress was
made in engineering studies to expand the Tratayén plant’s processing capacity, construct a multiproduct pipeline to evacuate
Natural Gas Liquids for separation at the Tratayén plant, and develop new fractionation, storage and dispatch facilities in Cerri.
These projects aim to commercialize Natural Gas Liquids in the international market and improve the infrastructure for growing gas production,
which is in line with the upstream segment’s demand.

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In telecommunications,
Telcosur entered into new agreements in 2024, increasing its sales capacity and strengthening its operation.

Finally, TGS INTEGRA brings together
all support services offered by TGS to the energy market, from third-party pipelines and plants’ operation and maintenance to the
execution of minor works and pipeline repair works, scrapper passage assistance, laboratory tasks such as meter calibration and hydrocarbon
sample analysis, and turbines and compressors’ overhaul, among others. In 2024, hot-tap, integrity, engineering and operation, and
maintenance services for the GPM were awarded. In addition, Golar selected TGS to provide consultancy services on the FLNG project.

Our Interest in Transener

Transener is the leading company
in Argentina’s utility service of high voltage electric energy transmission. It holds a concession over 15,361 km of transmission
lines and 60 transforming stations, directly operating 86% of the country’s high-voltage lines. In turn, its controlled subsidiary
Transba is in charge of the concession of 6,988 km of transmission lines and 114 transforming stations, the Main Distribution Transmission
System of the Province of Buenos Aires. Transener also generates additional revenues from, among others, the