Asunción, Paraguay

Energy and commodity transactions in Paraguay, structured end to end

GAMEN S.A. originates and structures large-scale transactions — fuels, energy and port infrastructure — between overseas counterparties and the Paraguayan market, along the Paraguay-Paraná waterway.

The corridor, north to south
  1. Puerto Cáceres BR Northern head
  2. Corumbá BR Ore and bulk
  3. Concepción PY Northern Paraguay
  4. Asunción PY Capital and customs
  5. Villeta PY Private terminals
  6. Pilar PY Southern exit
  7. Rosario AR Transhipment
  8. Nueva Palmira UY Ocean gateway

A schematic of port order along the corridor, not a map to scale. The waterway runs some 3,400 km between its two heads.

What we do

Three functions, always in the same order

GAMEN is neither an asset-owning operator nor a financial institution: it is the party that assembles the transaction and answers for its closing. Every mandate starts by defining which of these three functions is being engaged.

  1. 01

    Origination

    Finding and qualifying the missing counterparty: the supplier, the buyer, the shipowner, the local partner or the bank. This applies both to those placing product or capital into Paraguay and to those inside the country who need to reach a market or an origin currently out of range.

  2. 02

    Structuring

    Turning a commercial understanding into an executable transaction: contract, Incoterm, payment instrument, inspection, insurance, security and schedule. This is the work that decides whether a deal closes on time or collapses at the first documentary discrepancy.

  3. 03

    Execution

    Seeing the transaction through: logistics coordination on the waterway, customs clearance, storage, presentation of documents to the bank and follow-through on collection.

The ground

Why large transactions run through Paraguay

A landlocked country with the region's lowest tax burden, surplus renewable energy and the world's third-largest river fleet. Everything that comes in or goes out does so by river, and that shapes how any transaction is put together.

3.222 M l
of fuel imported
All-time record for 2025; diesel accounted for 64 % of volume. Source: La Tribuna, 2025
3.400 km
of waterway
From Corumbá to the Río de la Plata; the Paraguayan fleet moves close to 94 % of that traffic. Source: Forbes Paraguay, 2024
10 %
VAT, personal and corporate income tax
The three main rates of the Paraguayan tax system. Source: Vouga Abogados, 2025
14.000 MW
installed at Itaipú
One of the largest hydroelectric plants in the world, shared with Brazil. Source: BID, 2023

The full context

Plain terms

What we do not do, stated up front

This line of business shares its vocabulary with a grey market that offers financial instruments by cold email and charges advance fees to arrange them. Better to clear that up before any commercial conversation.

  • We do not sell, lease or "monetise" financial instruments

  • We charge no advance fees to arrange financing

  • We do not work through mandate-less broker chains

  • We do not provide legal, accounting or tax advice

Read the detail

Do you have a transaction to assess?

Sector, volume and timeline are enough for a first useful answer. If the transaction is not viable, or not for GAMEN, that is said in that first conversation.