We are leading operators on the Electronic Gas Market Exchange (MEG)

The Electronic Gas Market Exchange operates out of the Buenos Aires Stock Exchange, and is the only forum in the country where Natural Gas is traded on the Spot Market. Gas Meridional is a leader in the Market, as demonstrated by objective participation and trading capacity metrics.

• Market Share. Our market share through the end of June 2006, as measured by operated volume, exceeded 40% for purchases and 28% for sales of Natural Gas on the Spot market.
• Volume. Through the end of June 2006 our operated volume of Natural Gas exceeded 2500MM SCFD purchased, and 1730MM SCFD sold, on a total operated volume of 6180MM SCFD.
• Number of operations. As of June 30, 2006, a total of 1171 transactions were registered on the MEG Spot market. We executed more than 450 purchase and over 280 sales transactions.
• Portfolio. Our portfolio of committed Clients covers the whole range of the Argentine Natural Gas production, transportation & distribution chain, and also includes electrical power generation.
• Daily Credit Exposure Limit. We have the financial backing to stand behind our trade operations with MEG SA and guarantee our purchases on the Natural Gas Spot market. The funds that we commit daily for this purpose constitute the largest in the market. We thus ensure our customers that Gas Meridional is capable of handling even the largest transactions.