Raquel Cardasz - Investor Relations
Lida Wang - Investor Relations & Sustainability Officer
Gustavo Mariani - Executive Vice President & Chief Executive Officer
Horacio Turri - EVP & Executive Director of Exploration & Production
Raquel Cardasz
Good morning, everyone, and thank you for waiting. I'm Raquel Cardasz from IR, and we would like to welcome everyone to Pampa Energia's First Quarter of 2025 Results Video Conference.
Before continuing, please read the [Indiscernible] Let me mention that forward-looking statements are based on Pampa Energia's management beliefs and assumptions and information currently available to the company. They involve risks, uncertainties and assumptions because they are related to future events that may or may not occur. Investors should understand that general economic and industry conditions and other operating factors could also affect the future results of Pampa Energia and could cause results to differ materially from those expressed in such forward-looking statements.
Thank you, Raquel. Hello, everyone, and thank you for joining our conference call. I will make a quick summary of the Q1, very quick, so you can find more details in the earnings release and the financial statements. For today's Q&A, we have our CEO, Mr. Gustavo Mariani; our Head of Oil and Gas and EVP, Mr. Horacio Turri; and our CFO, Mr. [Adolfo Zuberbuhler]
So let's go to the first quarter 2025. We saw a solid performance in power generation and utility businesses, along with higher gas deliveries for thermal generation. Also, a key highlight after the quarter-end was the FID on the FLNG project, where Pampa holds a 20% stake. This milestone officially kicks off the project. The 2 chartered vessels will export 6 million tons of LNG