The overall spending plan prioritizes projects focused on modernizing infrastructure, expanding service coverage, and optimizing operational efficiency.
Promigas's free cash flow (FCF) is expected to remain negative in the short and medium term, continuing a five-year trend of structurally negative FCF.
NG Energy also reported an increase to its line of credit facility with Macquarie Group by an additional US$12 million, raising the total to US$25.6 million.