Yes. *.tgz is sometimes used to denote a *.tar.gz file which can be decompressed like this:
Code:
tar -xzvf filename.tar.gz
But: a *.tgz is more commonly used for binary programs for Slackware and some BSD's - you'll most likely want to find an RPM or a *.tar.gz
As for other compression techniques, there is *.tar.bz2 which is decompressed like this:
Code:
tar -xjvf filename.tar.bz2
Please see the following man pages:
gzip
tar
bzip2
rpm
For more information.