MetroGAS S.A.Buenos Aires, Argentina (NYSE: MGS)

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MetroGAS Company Description

MetroGAS heats up the Buenos Aires metropolitan area. Argentina's largest natural gas distributor serves more than 1.9 million customers -- about 25% of the country's gas market. One of nine companies formed when Gas del Estado was privatized in 1992, MetroGAS was granted a 35-year exclusive distribution license in its service area, which consists of Buenos Aires and 11 southern suburbs. The utility also sells gas to power plant operators and commercial and industrial customers. MetroGAS is 55% owned by a subsidiary of UK gas production company BG Group and 45% owned by a unit of Spanish oil company Repsol YPF.

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The Company Description provides a historical perspective of MetroGAS's organization from inception to current status.

Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of MetroGAS's evolution in the marketplace.

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