<SEC-DOCUMENT>0000931427-16-000037.txt : 20160808
<SEC-HEADER>0000931427-16-000037.hdr.sgml : 20160808
<ACCEPTANCE-DATETIME>20160808172335
ACCESSION NUMBER:		0000931427-16-000037
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20160808
FILED AS OF DATE:		20160808
DATE AS OF CHANGE:		20160808

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:		161815265

	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>tgs.htm
<DESCRIPTION>TARIFF SITUATION
<TEXT>
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<HEAD>
<TITLE>En la reuni&#243;n del d&#237;a de la fecha, el directorio de Transportadora de Gas del Sur S</TITLE>
<META NAME="author" CONTENT="Adrian Hubert">
<META NAME="date" CONTENT="08/08/2016">
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<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center><B>Washington, DC 20549</B></P>
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<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center><B>_____________</B></P>
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<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center><B>FORM 6-K</B></P>
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<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center><B>Report of Foreign Issuer</B></P>
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<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center>Pursuant to Rule 13a-16 or 15d-16 of</P>
<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center>the Securities and Exchange Act of 1934</P>
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<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center>For August 8, 2016</P>
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<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center><B>Commission file number: 1-13.396</B></P>
<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center><B>Transportadora de Gas del Sur S.A.</B></P>
<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center>Don Bosco 3672, Fifth Floor</P>
<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center>1206 Capital Federal</P>
<P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center>Argentina</P>
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<P style="margin:0px; text-indent:28.4px; font-family:Courier New,Times New Roman; 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:0px; font-family:Courier New,Times New Roman; 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:0px; text-indent:28.4px; font-family:Courier New,Times New Roman; font-size:11pt" align=justify>Indicate by check mark if registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): __</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:28.4px; font-family:Courier New,Times New Roman; font-size:11pt" align=justify>Indicate by check mark if registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): __</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; text-indent:28.4px; font-family:Courier New,Times New Roman; 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:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center>Yes<U> &nbsp;</U>&nbsp;No<U> X &nbsp;</U></P>
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<P style="margin:0px; padding-right:-0.067px; font-family:Courier New,Times New Roman; 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:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt" align=right>August 8, 2016.</P>
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<P style="line-height:12pt; margin:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt" align=justify><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="line-height:12pt; margin:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt" align=justify><B>WASHINGTON, DC 20549</B></P>
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<P style="line-height:12pt; margin:0px; padding-left:9.467px; font-family:Book Antiqua,Times New Roman; font-size:11pt" align=right><B><U>Ref. Transportadora de Gas del Sur S.A. (&#147;TGS&#148;) </U></B></P>
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<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt" align=justify>Dear Sirs, </P>
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<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt" align=justify>The purpose hereof is to inform -pursuant to the requirements of the regulations under the United States Securities and Exchange Act- that although July 20, 2016 was the maturity date for the natural gas transportation service invoicing for the month of June 2016, the natural gas distribution companies Gas Natural Ban S.A., Metrogas S.A., Camuzzi Gas del Sur S.A. y Camuzzi Gas Pampeana S.A. (the &#147;Distribution companies&#148;) to date owe TGS an approximate amount of AR$ 205,000,000 (Argentine Pesos Two Hundred and Five Million).</P>
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<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt" align=justify>This default, according to communications received from Distribution companies, is due to the instructions given by the Natural Gas Regulatory Body (ENARGAS) as a result of the judgment rendered on July 14, 2016 (the &#147;Judgment&#148;) by the Federal Court of Appeals of La Plata, which declared null and void Resolutions no. 28/2016 and no. 31/2016 (the &#147;Resolutions&#148;) issued by the Ministry of Energy and Mining (the &#147;Ministry&#148;), and, therefore, ordered to roll back to the tariff status prior to the issuance of the Resolutions.</P>
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<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt" align=justify>The Court resolved to allow the extraordinary appeal filed by the Ministry against the Judgment, while keeping the new tariff scheme suspended in accordance with the Judgment, so although the Judgment is not final, the effects remain valid. </P>
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<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt" align=justify>The Resolutions issued by the Ministry and the tariff increase therein are essential in order to provide transparency and sustainability to a key area in Argentina&#146;s economy as is natural gas transportation and distribution, governed by Law no. 24,076.</P>
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<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt" align=justify>If the current situation remains constant through time, capital expenditures committed and ongoing under the investment plan demanded by ENARGAS&#146; Resolution no. 3724/16 (the &#147;Investment Plan&#148;) -which amounts to approximately AR$ 790,000,000 (Argentine Pesos Seven Hundred and Ninety Million)- and required to guarantee service reliability and safety and maintenance and operation of the natural gas transportation system operated by TGS, shall be seriously affected and cause TGS a negative cash flow of approximately AR$ 1,400,000,000 (Argentine Pesos One Thousand and Four Hundred Million), leading to lack of cash and putting TGS&#146; operations at risk.</P>
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<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt" align=justify>If the Argentine Government does not provide any economic assistance to make up for the lack of incomes corresponding to the tariff increase set forth this year, TGS&#146; economic and financial condition and the Investment Plan shall be seriously affected.</P>
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<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt" align=justify>In order to safeguard its rights and the public service it provides, TGS is engaged in adopting all the measures required in accordance with the regulatory framework in force, and it hereby reports competent authorities about the infringement incurred and the serious damages this situation causes TGS.</P>
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<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt" align=justify>Sincerely,</P>
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<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt" align=center><B>Silvia Migone D&#237;az</B></P>
<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt" align=center><B>Attorney in Fact</B></P>
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<P style="margin:0px; padding-left:23.8px; font-family:Courier New,Times New Roman; font-size:12pt" align=center><B>SIGNATURES</B></P>
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<P style="margin:0px; font-family:Courier New,Times New Roman; 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:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=right>Transportadora de Gas del Sur S.A.</P>
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<DIV align=right><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=36.933 /><TD width=3.067 /><TD width=59.933 /><TD width=214.933 /><TD width=1 /></TR>
<TR><TD style="margin-top:0px" valign=top width=36.933><P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt"><B>By:</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=278.933 colspan=4><P style="margin:0px; font-family:Courier New,Times New Roman; font-size:12pt" align=center>/s/Gonzalo Castro Olivera</P>
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<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=36.933><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=3.067><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=59.933><P style="margin:0px; font-family:Courier New; font-size:9pt">Name:</P>
</TD><TD style="margin-top:0px" valign=top width=215.933 colspan=2><P style="margin:0px; font-family:Courier New; font-size:9pt">Gonzalo Castro Olivera</P>
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<TR><TD style="margin-top:0px" valign=top width=36.933><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=3.067><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=59.933><P style="margin:0px; font-family:Courier New; font-size:9pt">Title:</P>
</TD><TD style="margin-top:0px" valign=top width=215.933 colspan=2><P style="margin:0px; font-family:Courier New; font-size:9pt"><B>Chief Financial Officer</B></P>
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<DIV align=right><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=36.933 /><TD width=3.067 /><TD width=59.933 /><TD width=214.933 /><TD width=1 /></TR>
<TR><TD style="margin-top:0px" valign=top width=36.933><P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt"><B>By:</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=278.933 colspan=4><P style="margin:0px; font-family:Courier New,Times New Roman; font-size:12pt" align=center>/s/Nicol&#225;s M. Mordeglia</P>
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<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=36.933><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=3.067><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=59.933><P style="margin:0px; font-family:Courier New; font-size:9pt">Name:</P>
</TD><TD style="margin-top:0px" valign=top width=215.933 colspan=2><P style="margin:0px; font-family:Courier New; font-size:9pt">Nicol&#225;s M. Mordeglia</P>
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<TR><TD style="margin-top:0px" valign=top width=36.933><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=3.067><P style="margin:0px; padding:0px; font-size:9pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=59.933><P style="margin:0px; font-family:Courier New; font-size:9pt">Title:</P>
</TD><TD style="margin-top:0px" valign=top width=215.933 colspan=2><P style="margin:0px; font-family:Courier New; font-size:9pt"><B>Legal Affairs Vice President</B></P>
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<P style="margin:0px; font-family:Courier New; font-size:11pt" align=justify>Date: August 8, 2016</P>
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