Madrid, April 1st 2008

5th SG Meeting South Gas Regional Initiative

Working Group 4B : Open Seasons

2

Open Seasons: Why ?

• Open Seasons: assessment and contracting of market needs, leading to investment decisions

• Developments based on binding requests by market participants

• Process allowing:• Capacity development at existing entry/exit points

(Larrau/Biriatou)

• Creation of new entry / exit point (Midcat)

3

Spain <> France interconnections

• Open Season:

• required in France for decision

• not required in Spain for decision, but jointly conducted by Enagas for coordination

• Framework for open season proposed by French TSOs (current presentation)

• This framework is a basis for a trilateral discussion (Enagas, TIGF, GRTgaz)

4

Western and Eastern corridors

CentreFrance

Rhône

MidCat

North

SouthGuyenne

Larrau

Biriatou

5

Toolbox of an Open Season

• Information Memorandum• Definition of Capacity Products (from / to which market zones)• Pricing Information• Planning of the Open Season

• Allocation Rules• Capacity matching• Priority ranking• Allocation process

• Contractual Rules• « TSO builds, shipper books »• Delays, Financial Guarantees…

• Inter-Operator Agreement• Physical interface (Pressure, Location…)• Coordination of Works

6

Draft action Plan

Coordinated Open Seasons > WG launched Western corridor (2012) Eastern corridor (2014)

Monitoring of the WG: South GRI IG

Estimated Timetable (Western corridor) Preparation of Info Memo: S1 2008 Publication of Info Memo: Q4 2008 Signature of Interface Agreements between TSOs: Q4 2008 Publication of allocation and contractual rules: Q4 2008 Binding requests: Q1 2009 Capacity allocations: Q1 2009 Decisions to build: 2009

7

WESTERN CORRIDOR

MIDCAT

EASTERN CORRIDOR

INTERCONNECTION CAPACITYLINK between ZONES - year 2015

Considering every infraestructure decided and under study in operation

TOTAL CAPACITY

LARRAUIRÚN

BIRIATOU430 400

490

55

35

16

5

26

0

16

5

37

5

18

0

23

0

23

0

23

0

23

0

23

0

22

0

20

02

60

37

5

18

0

23

0

555

TIGF

SPAIN

GRTgazNORTH

GRTgaz SOUTH

SPAI N

GWh/d

(*)

(*)(*)

(*) Existing, expansion not defined

Thank you for your attention