Good morning. My name is Daryl and I will be your conference operator today. At this time, I would like to welcome everyone to TGS' Fourth Quarter 2019 Results Conference Call. TGS issued its earnings report last Friday. If you did not receive a copy via e-mail, please do not hesitate to contact us in New York City at 646-284-9421. Before we begin the call today, I would like to remind you that forward-looking statements made during today's conference call do not account for future economic circumstances, industry conditions, and company performance and financial results. These statements are subject to a number of risks and uncertainties. All figures included herein were prepared in accordance with International Financial Reporting Standards the IFRS and are stated in constant Argentine pesos as of December 31st, 2019 unless otherwise noted. Joining us today from TGS in Buenos Aires is Alejandro Basso, Chief Financial Officer; and Carlos Almagro, Investor Relations Officer. And now I will turn the call over to Mr. Basso. Sir, please begin.

Thank you. Good morning everyone and thank you for joining us today on this conference call to discuss the fourth quarter earnings and highlights for Transportadora de Gas del Sur. To begin, I would like to talk about some relevant corporate events that have occurred since our last quarterly earnings call. First, we are very proud to announce the total commissioning in time of the Vaca Muerta midstream project after completing works related to the construction of the natural gas conditioning plant in Tratayén and the extension of the north tranche which we announced in November 2018. In terms of the transportation tariff adjustment, I would like to remind you that the last adjustment took place in April of 2019 at the rate of 26% increase. The next one should have been granted last October for 29%, but this was postponed by the former national government till February of 2020. In return, to compensate the increased postponement, we were allowed to reduce the committed CapEx by the same amount of the revenues that this shale could have built in the last quarter of 2019. Last December after the current national administration took office and an emergency law was approved by the National Congress which established among other things the ENARGAS intervention, no tariff adjustment for six months and a tariff revision during this period. We are not aware of the initiation of this revision yet and we expect that it will happen soon. Last Friday, TGS launched the sixth buyback program for 180-day period for a maximum amount of ARS2.5 billion. At the end of 2019, TGS held almost 2 million treasury ADRs which represented 1.24% of the total capital stock. I would like to remind you that in November, TGS distributed the total treasury shares held at that moment…

Okay. Thank you for participating in this year's fourth quarter 2019 conference call. We look forward to speaking with you again when we release our first quarter 2020 results. However, if you have any questions in the meantime, please do not hesitate to contact our investor relations department with any questions. Have a good day.

This concludes today's conference. You may disconnect your lines at this time. Thank you for your participation and have a great day.