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The President of TAG, Gustavo Labanca, Speaks About the Company’s Projections and Investments, With the Approval of the New Gas Law
TAG – Transportadora Associada de Gás S.A operates in the natural gas transportation segment through pipelines. The company already has the largest pipeline network in the country, with about 4,500 kilometers, responsible for nearly 50% of the total natural gas transportation network in the country, which is why it does not want to stop here and plans to invest 1 billion by 2025.
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The investment will focus on modernization, asset security, and business sustainability. With the approval of the “New Gas Law,” the company will have an important and fundamental role in gas distribution throughout Brazil.
Gustavo Labanca Answered Some Questions, Check It Out!
How Did You and TAG Face the Challenges of 2020, With the Pandemic Strongly Influencing the Brazilian Economy?
“The main objective of TAG since the beginning of the pandemic has been to preserve the health and safety of its employees and suppliers, adopting preventive and protective measures, such as the adoption of remote work for carrying out activities, and ensuring the continuity of its business, considering that gas is an essential input for Brazilian society. The pandemic did not bring significant impacts on the company’s economic-financial performance, given that the business model of the gas transportation sector involves high capital investments and long-term contracts, which ensures greater revenue predictability and stable cash flow. However, a global crisis always brings concern and generates effects for companies.
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The neighboring country of Brazil that reduced the working hours and increased the minimum wage by 23.7% had to hire 787,000 extra workers to cover the reduced hours, and even so, it records unemployment at a historic low.
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In the context of the pandemic, we also joined efforts with our partners in donating food baskets, masks, and hygiene and cleaning products to families in communities in situations of social and nutritional vulnerability in the states of the Amazon and Espírito Santo. In addition, TAG donated over R$ 1 million to Fiocruz for the implementation of a Molecular Diagnostic Support Unit for Covid-19 at the institution in Bahia.”
Company’s Outlook and For You in 2021?
“We believe that the year 2021 should be one of economic recovery for the country, and for this reason, the company has been investing in its assets and the technical improvement of its workforce, in order to maintain its operational excellence and prepare the company for the growth opportunities that are emerging with the opening of the gas market in the country. TAG has an ambitious investment plan for the next five years, exceeding R$ 1 billion, focusing on modernization, integrity, and security of its assets, ensuring business sustainability and its long-term expansion.”
Recommendations and Suggestions You Would Make to the Government in This New Year About to Begin?
“We have the premise not to comment on political issues. We understand that the country has experienced recent advances, such as the approval of the Social Security Reform, the new legal framework for sanitation, and the New Gas Law in the Chamber of Deputies, now being processed in the Senate. Brazil needs legal certainty, respect for contracts, and a solid regulatory framework, with independent agencies so that private investors have an interest in making the large investments in infrastructure that the country so desperately needs.”
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