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<SEC-DOCUMENT>0000931427-05-000019.txt : 20051107
<SEC-HEADER>0000931427-05-000019.hdr.sgml : 20051107
<ACCEPTANCE-DATETIME>20051107161449
ACCESSION NUMBER:		0000931427-05-000019
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20051104
FILED AS OF DATE:		20051107
DATE AS OF CHANGE:		20051107

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GAS TRANSPORTER OF THE SOUTH INC
		CENTRAL INDEX KEY:			0000931427
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS TRANSMISSION [4922]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13396
		FILM NUMBER:		051183518

	BUSINESS ADDRESS:	
		STREET 1:		DON BOSCO 3672 5TH FLR
		STREET 2:		1206 CAPITAL FEDERAL
		CITY:			ARGENTINA
		STATE:			C1
		ZIP:			00000
		BUSINESS PHONE:		005401148659050X1093

	MAIL ADDRESS:	
		STREET 1:		DON BOSCO 3672 5TH FLR
		STREET 2:		CAPITAL FEDERAL
		CITY:			ARGENTINA
		STATE:			C1
		ZIP:			1206
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6klicencerenegotiation.htm
<TEXT>
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<TITLE><B>Buenos Aires, November 4th, 2005</TITLE>
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<P style="margin:0pt; line-height:13pt; font-family:Courier New; font-size:11pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Courier New; font-size:11pt" align=center><B>Washington, DC 20549</B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Courier New; font-size:11pt" align=center>_____________</P>
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<P style="margin:0pt; line-height:13pt; font-family:Courier New; font-size:11pt" align=center><B>FORM 6-K</B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Courier New; font-size:11pt" align=center><B>Report of Foreign Issuer</B></P>
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<P style="margin:0pt; line-height:13pt; font-family:Courier New; font-size:11pt" align=center>Pursuant to Rule 13a-16 or 15d-16 of</P>
<P style="margin:0pt; line-height:13pt; font-family:Courier New; font-size:11pt" align=center>the Securities and Exchange Act of 1934</P>
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<P style="margin:0pt; line-height:13pt; font-family:Courier New; font-size:11pt" align=center>For November 4, 2005</P>
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<P style="margin:0pt; line-height:13pt; font-family:Courier New; font-size:11pt" align=center><B>Transportadora de Gas del Sur S.A.</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Courier New; font-size:11pt" align=center>Don Bosco 3672, Fifth Floor</P>
<P style="margin:0pt; line-height:13pt; font-family:Courier New; font-size:11pt" align=center>1206 Capital Federal</P>
<P style="margin:0pt; line-height:13pt; font-family:Courier New; font-size:11pt" align=center>Argentina</P>
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<P style="margin:0pt; text-indent:21.3pt; line-height:13pt; font-family:Courier New; font-size:11pt" align=justify>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</P>
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<P style="margin:0pt; line-height:13pt; font-family:Courier New; font-size:11pt" align=center>Form 20-F<U> &nbsp;X </U>&nbsp;Form 40-F<U> &nbsp;&nbsp;</U></P>
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<P style="margin:0pt; text-indent:21.3pt; line-height:13pt; font-family:Courier New; font-size:11pt" align=justify>Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to the Rule 12g3-2(b) under the Securities Exchange Act of 1934.</P>
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<P style="margin:0pt; line-height:13pt; font-family:Courier New; font-size:11pt" align=center>Yes<U> &nbsp;</U>&nbsp;No<U> X &nbsp;</U></P>
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<P style="margin:0pt; text-indent:21.3pt; line-height:13pt; font-family:Courier New; font-size:11pt">If &quot;Yes&quot; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=right>Buenos Aires, November 4, 2005</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Messrs</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B><U>Buenos Aires Stock Exchange</U></B></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Re.: Information foreseen by Article 23 of the Buenos Aires Stock Exchange Regulation</B></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>We hereby inform you the results of the requirement made by the Company to its controlling shareholder, Compa&#241;&#237;a de Inversiones de Energ&#237;a S.A. (&#147;CIESA&#148;) and to the then shareholders of said Company (Enron Pipeline Company Argentina S.A. (&#147;EPCA&#148;), Enron Argentina CIESA Holdings S.A. (&#147;EACH&#148;), Petrobras Energ&#237;a S.A. (&#147;PESA&#148;) and Petrobras Hispano Argentina S.A. (&#147;Petrobras Hispano&#148;)). The requirement was made within the renegotiation process of the License of Transportadora de Gas del Sur S.A. (&#147;TGS&#148; or the &#147;Company&#148;) undertaken by the Argentine Government in accordance to article 9 of Law No. 25,561, dated July 20,2005. The renegotiation process is being carried out under the terms of the Letter of Understanding proposed by the <I>Unidad de Renegociaci&#243;n y An&#225;lisis de Contratos de Servicios P&#250;blicos</I>, a p
ublic committee depending from the Argentine Government, currently in charge of the renegotiation of the utility contracts with the private companies. </P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The requirement formulated by TGS intended to know if such companies and/or their controlled companies or controlling companies, have initiated or have the intention to initiate in the future claims against the Republic of Argentina based on or associated to the facts and measures arising from the economic emergency situation established by the Law No. 25,561 and by the cancellation of the application of the United States Producer Price Index to the regulated tariff (as set<FONT COLOR=#FFFF00> </FONT>in the License granted to the Company) and, if the case, should they be inclined to suspend and then resign to the said actions and to the rights that have been or may be invoked on those demands against the Republic of Argentina.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>PESA and Petrobras Hispano sent their replies to the requirement formulated by the Company last November 2, 2005. Both confirmed that they have not initiated nor do they have the intention of initiating in the future a claim against the Republic of Argentina. Furthermore, both companies stated that they are ready to desist, should it be the case, in accordance to an agreement which meets the interests of the parties involved, in an integral and express manner of the rights which they may eventually claim with relation to the events and measures mentioned in the requirement.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>On November 3, 2005, CIESA responded pointing out it has not initiated nor has the intention to initiate in the future any claim against the Republic of Argentina based on or associated with the facts mentioned in our requirement.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Finally, on November 3, 2005, Ponderosa Assets L.P. (&#147;Ponderosa&#148;) as controller of EPCA and EACH informed on the existence of a claim which, jointly with Enron Corp, has been initiated against the Republic of Argentina before the International Center for the Settlement of Investment Disputes (&#147;ICSID&#148;) on the basis of the losses undergone as a consequence of the events referred to in our requirement. Ponderosa informed that: (i) it currently has (provided that CIESA&#146;s restructuring process is approved by <I>Ente Nacional Regulador del Gas</I> and the <I>Comisi&#243;n Nacional de Defensa de la Competencia</I>) approximately 20% of the TGS&#146;s capital stock and votes through their subsidiaries EACH, EPCA and Enron de Inversiones de Energ&#237;a SCA (&#147;EDIDESCA&#148;), (ii) considers that its claim will prevail in the arbitration audiences to take place in November/ December of this 
year, (iii) it is privy to Argentine Government&#146;s position not to renegotiate an increase of the gas tariff with the companies whose shareholders have claims against the Republic of Argentina, (iv) the renunciation to its action before the ICSID would result in an economic benefit to all TGS&#146;s shareholders while will have only a proportional impact on Ponderosa based on its shareholding in TGS, (v) it would consider resigning to its claim in benefit of all of TGS&#146;s shareholders only in the case that Ponderosa would be fairly compensated, and (vi) in the case of not being compensated, Ponderosa will continue with its claim before the ICSID.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Sincerely,</B></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Eduardo Pawluszek</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Attorney in Fact</B></P>
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<P style="margin:0pt; padding-left:17.85pt; text-indent:-17.85pt; line-height:14pt; font-family:Courier New; font-size:12pt" align=center>SIGNATURES</P>
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<P style="margin:0pt; line-height:13pt; font-family:Courier New; font-size:11pt" align=justify>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>
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<P style="margin:0pt; line-height:13pt; font-family:Courier New; font-size:11pt" align=right><B>Transportadora de Gas del Sur S.A.</B></P>
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<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=36.933><P style="margin:0pt; line-height:13pt; font-family:Courier New; font-size:11pt">By:</P>
</TD><TD style="border-bottom:0.75pt solid #000000" valign=top width=278.933 colspan=4><P style="margin:0pt; line-height:14pt; font-family:Courier New; font-size:12pt" align=center><B>/s/Eduardo Pawluszek</B></P>
</TD></TR>
<TR><TD style="border-bottom:0.75pt solid #000000" valign=top width=36.933>&nbsp;</TD><TD style="border-bottom:0.75pt solid #000000" valign=top width=3.067>&nbsp;</TD><TD valign=top width=59.933><P style="margin:0pt; line-height:11pt; font-family:Courier New; font-size:9pt"><B>Name:</B></P>
</TD><TD valign=top width=215.933 colspan=2><P style="margin:0pt; line-height:11pt; font-family:Courier New; font-size:9pt"><B>Eduardo Pawluszek</B></P>
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<TR><TD valign=top width=36.933>&nbsp;</TD><TD valign=top width=3.067>&nbsp;</TD><TD valign=top width=59.933><P style="margin:0pt; line-height:11pt; font-family:Courier New; font-size:9pt"><B>Title:</B></P>
</TD><TD valign=top width=215.933 colspan=2><P style="margin:0pt; line-height:11pt; font-family:Courier New; font-size:9pt">Chief Financial Officer</P>
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<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=36.933><P style="margin:0pt; line-height:13pt; font-family:Courier New; font-size:11pt">By:</P>
</TD><TD style="border-bottom:0.75pt solid #000000" valign=top width=278.933 colspan=4><P style="margin:0pt; line-height:14pt; font-family:Courier New; font-size:12pt" align=center><B>/s/Juan Mart&#237;n Encina</B></P>
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<TR><TD style="border-bottom:0.75pt solid #000000" valign=top width=36.933>&nbsp;</TD><TD style="border-bottom:0.75pt solid #000000" valign=top width=3.067>&nbsp;</TD><TD valign=top width=59.933><P style="margin:0pt; line-height:11pt; font-family:Courier New; font-size:9pt"><B>Name:</B></P>
</TD><TD valign=top width=215.933 colspan=2><P style="margin:0pt; line-height:11pt; font-family:Courier New; font-size:9pt"><B>Juan Mart&#237;n Encina</B></P>
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<TR><TD valign=top width=36.933>&nbsp;</TD><TD valign=top width=3.067>&nbsp;</TD><TD valign=top width=59.933><P style="margin:0pt; line-height:11pt; font-family:Courier New; font-size:9pt"><B>Title:</B></P>
</TD><TD valign=top width=215.933 colspan=2><P style="margin:0pt; line-height:11pt; font-family:Courier New; font-size:9pt">Senior Legal Counsel</P>
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