Large amounts of gas hydrate are present in marine sediments offshore Taitao Peninsula, near the Chile Triple Junction. Here, marine sediments on the forearc contain carbon that is converted to methane in a zone of very high heat flow and intense rock deformation above the downgoing oceanic spreading ridge separating the Nazca and Antarctic plates. This regime enables vigorous fluid migration. Here we present an analysis of the spatial distribution, concentration, estimate of gas phases (gas hydrate and free gas) and geothermal gradients in the accretionary prism and forearc sediments offshore Taitao (45.5° - 47° S). Velocity analysis of Seismic Profile RC2901-751 indicates gas hydrate concentration values <10% of the total rock volume, and extremely high geothermal gradients (<190 °Ckm^-1). Gas hydrates are located in shallow sediments (90-280 meters below the seafloor). The large amount of hydrate and free gas estimated (7.21x10¹¹ m³ and 4.1x10¹⁰ m³, respectively), the high seismicity, the mechanically unstable nature of the sediments, and the anomalous geothermal conditions, set the stage for potential massive releases of methane to the ocean mainly through hydrate dissociation and/or migration directly to the seabed through faults. We conclude that the Chile Triple Junction is an important methane seepage area and should be the focus of novel geological and ecological research.