1

Open season 2015

11th IG Meeting26th March 2010

Paris

2

Capacities offered

GWh/d South North North South

GRTgaz North GRTgaz South

160(100% of incremental capacity +80

GWh/d existing capacity)

160 (80% of incremental

capacity)

GRTgaz South TIGF

55(capacity not allocated

during 2013 OS)

AND184

(80% of incremental capacity)

100(without additional

investment :capacity not allocated

during 2013 OS)

OR144

(with additional investment : CS at

Montpellier)

Perthus interconnection : TIGF Spain

184 (80% of created capacity)

144(80% of created capacity)

Biriatou interconnection : TIGF Spain

48(80% of incremental

capacity)

48(80% of incremental

capacity)

3

Localisation of the infrastructures

4

Total costs on the French side

TIGF GRTgaz

Perthus interconnection

• Perthus-Barbaira pipe : 234 M€

• CS Barbaira : 40 M€• Lupiac-Baran pipe : 40 M€

• Eridan (pipe, CS and interconnection stations):

– 50% of the costs– 302 M€

• CS Montpellier : 80 M€

Biriatou interconnection

Arcangues-Coudure pipe : 110M€

Link GRTgaz South/GRTgaz Noth

Bourgogne pipe = 398 M€

European subsidies 74 M€

5

Economic test to validate capacity allocationMidCat

Based on the coverage of the investments costs by the revenues generated by the long term commitments collected through the OS 2015

Proposal: validate the investments if 70% or more of the costs are covered

Limit scenario for capacity demand:– 100% of the capacity offered Spain France is requested– 0% of the capacity offered in the other direction is requested

With the current tariff the economic test for MidCat is not validated : only 44% of the costs are covered

To validate the economic test, an increase of the entry tariff into France of + 50 €/MWh/d/y is needed

6

The same analysis has been done for Biriatou and GRTgaz North GRTgaz South

With capacity requests in only one direction, the economic test is validated with the current tariff for these two points

When applying the economic test at the interconnection between Spain and France, the priority will be given to MidCat over Biriatou

Economic test to validate capacity allocationBiriatou and GRTgaz South North

7

Possible phasing of the OS 2015 – For discussion

Shippers active in France would prefer the OS to be organised in 2 steps– Offer and allocation of the 5 product sold in the OS 2013– Once these 5 products allocated, then offer and allocation of

GRTgaz North GRTgaz South Would allow shippers to assess whether there is a need for

additional supply of the South coming from the North before making long term commitments, or not, for GRTgaz North GRTgaz South

Would also avoid over-investment

Shippers active in Spain would prefer sticking to the rule established in the former information memorandum, i.e. having the 6 products allocated at once In order not to reveal commercial information before shippers

bringing gas from the North

Stakeholder’s views requested

8

Coordination – For discussion

The possibility to coordinate requests proposed in the OS 2013 bears the risk that no capacity is allocated at the interconnection Spain France even if there is enough capacity requested, in case no capacity is allocated between GRTgaz South and GRTgaz North

If shippers do not agree with taking this risk, they should raise their concerns

9

Capacity GRTgaz North GRTgaz South to be offered

It is envisaged to offer 160 GWh/d in both directions

Decision to be made by CRE in April 2010