Pampa Energy Inc 6-K, filed Dec 28, 2020
Pampa Energy Inc. (PAM)
About this 6-K
Pampa Energy Inc filed this 6-K on December 28, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN
ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
SECURITIES EXCHANGE ACT OF 1934
For the month of December, 2020
(Commission File No. 001-34429),
PAMPA ENERGIA S.A.
(PAMPA ENERGY INC.)
Argentina
(Jurisdiction of incorporation or organization)
Maipú 1
C1084ABA
City of Buenos Aires
Argentina
(Address of principal executive offices)
(Indicate by check
mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F ___X___ Form 40-F ______
(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 Rule 12g3-2(b) under
the Securities Exchange Act of 1934.)
Yes ______ No ___X___
(If "Yes"
is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- .)
This Form 6-K for Pampa Energía S.A. (“Pampa” or the “Company”) contains:
SIGNATURE
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.
Date: December 16, 2020
| Pampa Energía S.A. | ||
| By: |
/s/ Gustavo Mariani |
|
|
Name: Gustavo Mariani Title: Chief Executive Officer |
||
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
Buenos Aires, December 16th, 2020
COMISIÓN NACIONAL DE VALORES
BOLSAS Y MERCADOS ARGENTINOS
Ref.: Relevant Event - Award in Argentine Natural Gas Production Promotion Plan.
Dear Sirs,
I am writing to Bolsas y Mercados Argentinos and the National Securities Commission (Comisión Nacional de Valores), in my capacity as Responsible for Market Relations of Pampa Energía S.A. (“Pampa” and/or the “Company”) in order to inform that the Secretariat of Energy (“SE”) issued its Res. No. 391/20 on December 15th 2020, awarding the volumes and prices for the 2020-2024 Supply and Demand Scheme Public Tender launched by SE Res. 317/20 (the “Public Tender”), in relation to the Argentine Natural Gas Production Promotion Plan (the “Plan Gas.Ar”) approved by Decree 892/20.
In this sense, from a total of 2.4 billion cubic feet/day of natural gas under auction, the Company ranked fifth nationwide and third at the Neuquina Basin in terms of tendered gas volume, being awarded a base volume of 173 million cubic feet/day at an average annual price of US$3.6 per million BTU for a four-year term starting January 1, 2021. Moreover, Pampa was the company within the Public Tender achieving the highest growth in terms of tendered production (+20% comparing base production and winter season described below).
Furthermore, the Company was one of the three sole producers tendering additional volume during the winter season, being awarded 35 million cubic feet/day at a price of US$4.68 per million BTU. This volume is key to support the highly seasonal Argentine demand, reducing imports of foreign gas, alternative fuel usage as well as moderating the disburse of foreign currency reserves.
It is worth mentioning that the Company’s positioning minimizes the demand’s contractual risk and materializes the strong investment commitment, which will amount to roughly US$250 million during the four years of Plan Gas.Ar.
Sincerely.
Victoria Hitce
Head of Market Relations