SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

_____________

FORM 6-K

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities and Exchange Act of 1934

For January 8, 2007

Transportadora de Gas del Sur S.A.

Don Bosco 3672, Fifth Floor

1206 Capital Federal

Argentina

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 the 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):

January 4, 2007

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

     Ref.: Transportadora de Gas del Sur S.A.

Dear Sirs,

We address you in connection with Transportadora de Gas del Sur S.A. Board of Directors’ meeting held on January 4, 2007, in order to inform you that in said meeting the Board set the terms and conditions of the new program for the issuance and reissuance of notes to be created in a maximum aggregate amount of US$650,000,000 (US Dollars Six Hundred and Fifty Million), or its equivalent in other currencies at any time, in accordance with Comisión Nacional de Valores regulations and with the delegation as authorized by the Company’s Special Meeting held on December 21, 2006.

Cordially,

Adrián Hubert

Attorney in fact

SIGNATURES

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.

Transportadora de Gas del Sur S.A.

By:	/s/Eduardo Pawluszek
		Name:	Eduardo Pawluszek
		Title:	Chief Financial Officer

By:	/s/Carlos Ariosa
		Name:	Carlos Ariosa
		Title:	Senior Legal Counsel