FLNG Project Approval
The FID on the FLNG project was approved where Pampa holds a 20% stake. The project will export 6 million tons of LNG per year, requiring 27 million cubic meters of gas per day, marking a strategic move to monetize Vaca Muerta reserves.
Adjusted EBITDA Growth
Pampa Energia reported an adjusted EBITDA of $220 million, representing a 17% increase from the previous year, driven by stronger spot prices in power and higher deliveries of Plan Gas.
Power Generation Business Performance
Adjusted EBITDA in power generation was $130 million in Q1, a 51% increase year-on-year, mainly due to higher spot prices and contributions from the newly commissioned PEPE VI wind farm.
Regulatory Progress in Utilities
TGS and Transener completed their comprehensive tariff reviews, setting conditions for the next five years until 2030, indicating progress toward regulatory normalization.
Export Campaign Expansion
Pampa Energia's 2025 export campaign is on track to double last year's volumes, with new exports to Brazil and increased flows through GasAndes and Pacifico pipelines to Chile.