<SEC-DOCUMENT>0000931427-19-000004.txt : 20190328
<SEC-HEADER>0000931427-19-000004.hdr.sgml : 20190328
<ACCEPTANCE-DATETIME>20190328102136
ACCESSION NUMBER:		0000931427-19-000004
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190327
FILED AS OF DATE:		20190328
DATE AS OF CHANGE:		20190328

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:		19710401

	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>MATERIAL FACT
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<META NAME="author" CONTENT="Sebastian Hoschbaum">
<META NAME="date" CONTENT="03/28/2019">
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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 March 27, 2019</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>
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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)(7): __</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 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>Autonomous City of Buenos Aires, March 27, 2019.</P>
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<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt">Messrs.</P>
<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt"><B>Comisi&#243;n Nacional de Valores (Argentine Securities and Exchange Comission)</B></P>
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<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt"><B>Bolsas y Mercados Argentinos S.A. (Argentine Stock Exchanges and Markets)</B></P>
<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt"><B>Bolsa de Comercio de Buenos Aires (Buenos Aires Stock Exchange)</B></P>
<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt"><B>Gerencia T&#233;cnica y de Valores Negociables (Technical and Negotiable Securities Management)</B></P>
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<P style="margin:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt" align=justify><I><U>Ref.: Material Fact. Section 3, Subparagraph 9), Chapter I, Title XII of&nbsp;Comisi&#243;n Nacional de Valores Rules (New Text 2013).</U></I></P>
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<P style="margin-top:7.333px; margin-bottom:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt" align=justify>Dear Sirs,</P>
<P style="margin-top:14.667px; margin-bottom:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt" align=justify>I am writing to you in my capacity as Head of Market Relations of &nbsp;Transportadora de Gas del Sur S.A. (&#147;TGS&#148;), pursuant to Section 3, Subparagraph 9), Chapter I, Title XII of Comisi&#243;n Nacional de Valores Rules (New Text 2013), in order to report that on March 26, 2019, TGS was served notice of the first instance judgment rendered by the Federal Administrative Trial Court of the City of Buenos Aires (<I>Juzgado en lo Contencioso Administrativo Federal N&#176; 1</I>) (the &#147;Trial Court&#148;) in the proceedings entitled &#147;Transportadora de Gas del Sur S.A. c/ Resoluci&#243;n N&#176; I-1.991/11 y N&#176; I-1.982/11 ENARGAS (Expte. 14.215/08) s/ Proceso de conocimiento&#148; (case no. 11869/12), whereby TGS timely requested the declaration of unconstitutionality of Executive Decree no. 2067/08 (the &#147;Decree&#148;), Resolution no. 1451/08 issued by the Ministry of Federal Planning, Public Investment and Services (&#147;MPFIPyS&#148;) and Resolutions no. 1982/11 and 1991/11 issued by the National Gas Regulatory Body (<I>ENARGAS</I>) (the &#147;Resolutions&#148;), as well as of any other regulation or act issued or to be issued in that connection.</P>
<P style="margin-top:14.667px; margin-bottom:7.333px; font-family:Book Antiqua,Times New Roman; font-size:11pt" align=justify>It is worth recalling that through the Decree, the Executive Branch created a charge to be paid by (i) users of natural gas transportation and/or distribution regulated services; (ii) natural gas consumers receiving gas directly from producers without using transportation or distribution systems and (iii) natural gas processing companies. The charge set up through the Decree was aimed at financing natural gas imports carried out by the Federal Government (the &#147;Charge&#148;). At first, TGS paid the Charge pursuant to the provisions of Resolution no. I-563/08.</P>
<P style="margin-top:14.667px; margin-bottom:0px; padding-right:3.267px; font-family:Book Antiqua,Times New Roman; font-size:11pt">In November 2011, ENARGAS, acting on behalf of the Executive Branch, issued the Resolutions whereby it (i) implemented adjustments to the Charge unit values on consumption effective from December 1, 2011 and (ii) included TGS as a party liable for payment of the Charge with the adjustments implemented through Resolution no. </P>
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<P style="margin-top:14.667px; margin-bottom:0px; padding-right:3.267px; font-family:Book Antiqua,Times New Roman; font-size:11pt">1982/11. In fact, the Charge paid by TGS increased, representing a significant rise in the variable costs of natural gas processing on its own account.</P>
<P style="margin-top:14.667px; margin-bottom:0px; padding-right:3.267px; font-family:Book Antiqua,Times New Roman; font-size:11pt">In order to avoid the damage that would result from the implementation of this rise, TGS &nbsp;filed legal action against the Government, ENARGAS and MPFIPyS as defendants, requesting that the Decree and the Resolutions be declared invalid and unconstitutional. </P>
<P style="margin-top:14.667px; margin-bottom:0px; padding-right:3.267px; font-family:Book Antiqua,Times New Roman; font-size:11pt">On March 28, 2016, the former Ministry of Energy and Mining issued Resolution no. 28/16, whereby it instructed to set aside as from April 1, 2016 any administrative acts connected to the application of the Charge. However, Resolution no. 28/16 did not repeal or declare illegitimate the Decree or the Resolutions, and no resolution whatsoever was issued in connection with the amounts paid by TGS on account of the Charge prior to the issuance of said resolution, for which reason the legal action filed by TGS proceeded.</P>
<P style="margin-top:14.667px; margin-bottom:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt" align=justify>On July 13, 2012, TGS reported through a Material Fact the granting of a preliminary injunction in favor of TGS in the proceedings in question, whereby the Court ordered the Executive Branch (Energy Bureau), the National Gas Regulatory Body (ENARGAS) and Naci&#243;n Fideicomisos S.A. to abstain from collecting or issuing any invoices to TGS on account of the tariff charge for amounts higher than those set prior to the resolutions that were suspended (pursuant to ENARGAS Resolution no. I-563/08), until final judgment is rendered in said proceedings. It should be noted that said preliminary injunction was extended on several occasions, and remained in force until March 2019.</P>
<P style="margin-top:14.667px; margin-bottom:0px; font-family:Book Antiqua,Times New Roman; font-size:11pt" align=justify>On March 26, 2018, TGS was served notice of the first instance judgment rendered in the proceedings, which upholds the legal action filed by TGS and declares the unconstitutionality of Executive Decree no. 2067/08, MPFIPyS Resolution no. 1451/08 and ENARGAS Resolutions no. 1982/11 and 1991/11, as well as of any other act aimed at enforcing the Decree, and therefore declare invalid said regulations. Judgment is not final yet.</P>
<P style="margin-top:14.667px; margin-bottom:7.333px; font-family:Book Antiqua,Times New Roman; font-size:11pt">Best regards,</P>
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<P style="margin:0px; padding-left:9.467px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=center><B>Hern&#225;n Diego Flores G&#243;mez</B></P>
<P style="margin:0px; padding-left:9.467px; font-family:Book Antiqua,Times New Roman; font-size:12pt" align=center><B>Head of Market Relations </B></P>
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<P style="margin:0px; padding-left:23.8px; font-family:Courier New; font-size:11pt" align=center><B>SIGNATURES</B></P>
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<P style="margin:0px; 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:0px; font-family:Courier New; 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=270.467 /></TR>
<TR><TD style="margin-top:0px" valign=top width=36.933><P style="margin:0px; font-family:Courier New; font-size:11pt"><B>By:</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=333.467 colspan=3><P style="margin:0px; font-family:Courier New; font-size:11pt" align=center>/s/Alejandro M. Basso</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:11pt">&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:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=59.933><P style="margin:0px; font-family:Courier New; font-size:11pt">Name:</P>
</TD><TD style="margin-top:0px" valign=top width=270.467><P style="margin:0px; font-family:Courier New; font-size:11pt">Alejandro M. Basso</P>
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<TR><TD style="margin-top:0px" valign=top width=36.933><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=3.067><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=59.933><P style="margin:0px; padding-right:-2.6px; font-family:Courier New; font-size:11pt">Title:</P>
</TD><TD style="margin-top:0px" valign=top width=270.467><P style="margin:0px; font-family:Courier New; font-size:11pt" align=justify><B>Vice President of Administration, Finance and Services</B></P>
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<TR><TD style="margin-top:0px" valign=top width=47.2><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=327.467 colspan=3><P style="margin:0px; font-family:Courier New,Times New Roman; font-size:11pt" align=center>/s/Hern&#225;n D. Flores G&#243;mez</P>
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<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=47.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=56.733><P style="margin:0px; font-family:Courier New; font-size:11pt">Name:</P>
</TD><TD style="margin-top:0px" valign=top width=270.733 colspan=2><P style="margin:0px; font-family:Courier New; font-size:11pt">Hern&#225;n Diego Flores G&#243;mez</P>
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<TR><TD style="margin-top:0px" valign=top width=47.2><P style="margin:0px; padding:0px; font-size:11pt">&nbsp;</P></TD><TD style="margin-top:0px" valign=top width=56.733><P style="margin:0px; padding-right:-12.333px; font-family:Courier New; font-size:11pt">Title:</P>
</TD><TD style="margin-top:0px" valign=top width=270.733 colspan=2><P style="margin:0px; font-family:Courier New; font-size:11pt"><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: March 27, 2019.</P>
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