Madrid, 27 October 2009 South Gas Regional Initiative Open Season France-Spain Validation of the results

29th S GRI IG meeting – 27 th October – Madrid Test to validate capacity allocation As required at the 8 th SG meeting of of 27 th April in Paris, a test to validate capacity allocation in France has been published in the information memorandum for the open season 2013 This test has been presented at the 9 th Stakeholders meeting of 15 th July in Madrid and some clarifications were brought No further comments were raised regarding this test The test is related to investment validation on the French side of the interconnection between Spain and France

39th S GRI IG meeting – 27 th October – Madrid Principles and priority of the test General principle: If less than 50% of the marketed capacity is allocated, then the capacity allocation will be considered as non valid and no capacity booking contracts will be signed If more than 90% of the marketed capacity is allocated, then the capacity allocation will be considered as valid and the relevant contracts will be signed If the capacity allocated lies between 50 and 90%, then the continuation on whether to continue the open season will be discussed Priority given to Larrau: 1.Validation of Larrau 2.Then allocation up to the maximum capacity of Larrau 3.Remaining quantity taken into consideration to validate or not Biriatou 4.Validation of Biriatou

49th S GRI IG meeting – 27 th October – Madrid Figures of the test CapacityCalculation of the figures > = 100% of Larrau (132+70) + 90% of Biriatou (48+48) = 100% of Larrau + 50% of Biriatou = 90% of Larrau 182 – = 50% of Larrau < 101

59th S GRI IG meeting – 27 th October – Madrid Result of the test CapacityResult of the test > 288Larrau and Biriatou validated Larrau validated and Biriatou discussed Larrau validated but not Biriatou 182 – 101Larrau discussed and Biriatou not validated < 101Nor Larrau neither Biriatou validated The demanded quantity amounts to 249 GWh/j

69th S GRI IG meeting – 27 th October – Madrid Application of the test According to the test:  Larrau is validated but not Biriatou  CRE proposes to validate the results of the open season accordingly, i.e. to allocate capacity at Larrau but not at Biriatou

79th S GRI IG meeting – 27 th October – Madrid Possible next steps CRE considers that the strong demand in the direction France to Spain has to be taken into account: It could be envisaged to re-offer the capacity at Irun/Biriatou during the binding phase of the open season 2015, together with the capacity of MidCat In this perspective, TSOs could realise some complementary studies, in order to adjust, if necessary, the physical investments needed, the investment costs and the date of availibility of capacity