1. Shipper meeting 19 February 2004 Sheraton- Amsterdam

2. 2 19-02-2004 Amsterdam Program 10.30-10.40 IntroductionWillem Faber 10.40-11.20 Release capacity + disc.Tineke van der Meij 11.20-11.30 Click & BookPeter Schultz COFFEE BREAK 12.00-12.40 Headlines Tariff system 2005 + discussionHenk Kreuze 12.40-13.00 Various topicsWillem Faber/ Frank Driessen SANDWICH LUNCH

3. 3 19-02-2004 Amsterdam Program 10.30-10.40 IntroductionWillem Faber 10.40-11.20 Release capacity + disc.Tineke van der Meij 11.20-11.30 Click & BookPeter Schultz COFFEE BREAK 12.00-12.40 Headlines Tariff system 2005 + discussionHenk Kreuze 12.40-13.00 Various topicsWillem Faber/ Frank Driessen SANDWICH LUNCH

4. 4 19-02-2004 Amsterdam Capacity Release December 2003 Emden-Bunde

5. 5 19-02-2004 Amsterdam December 2003 December 2003 Amount starting 1-10-2005 additional entry capacity in Emden-Bunde region of ca. 650.000 m3/h. Amount starting 1-10-2005 additional entry capacity in Emden-Bunde region of ca. 650.000 m3/h. Procedure Step 1: upgrading booked interruptible capacity Step 2: internet procedure on 17 December: 10.00-12:00 CET (first come first served) Procedure Step 1: upgrading booked interruptible capacity Step 2: internet procedure on 17 December: 10.00-12:00 CET (first come first served) Information to market 8 dec 16:00 CET on web site (+ email service) ; 8 dec letter to shippers Information to market 8 dec 16:00 CET on web site (+ email service) ; 8 dec letter to shippers

6. 6 19-02-2004 Amsterdam Evaluation: upgrade interruptible 5 shippers with booked interruptible capacity 5 shippers with booked interruptible capacity All shippers used the upgrade offer (additional tariff 10%) All shippers used the upgrade offer (additional tariff 10%) Only small amount in Q2/Q3 2006 could not be upgraded Only small amount in Q2/Q3 2006 could not be upgraded

7. 7 19-02-2004 Amsterdam Emden-Oude Statenzijl

8. 8 19-02-2004 Amsterdam Evaluation: Upgrade Interruptible Interruptible bookings are signal for scarcity of capacity Interruptible bookings are signal for scarcity of capacity In future capacity releases GTS will preferentially upgrade interruptible In future capacity releases GTS will preferentially upgrade interruptible Advance knowledge: same information available for all parties at the same time as soon as possible after (relevant) investment decision: e.g. web site? letter? shipper meeting? Advance knowledge: same information available for all parties at the same time as soon as possible after (relevant) investment decision: e.g. web site? letter? shipper meeting? Note: email service (potential) shippers available

9. 9 19-02-2004 Amsterdam Step 2: Internet procedure 17 December : 10.00-12.00 CET 17 December : 10.00-12.00 CET 13 shippers (3 new) 13 shippers (3 new) Time order: in seconds; on GTS server Time order: in seconds; on GTS server 12 bookings: complete; 1 incomplete 12 bookings: complete; 1 incomplete Awarding capacity in time stamp order Awarding capacity in time stamp order In case of (partly) interruptible capacity: shipper could change/cancel booking In case of (partly) interruptible capacity: shipper could change/cancel booking

10. 10 19-02-2004 Amsterdam Overview

11. 11 19-02-2004 Amsterdam Step 2: Internet procedure Nr 1: firm nr 2: > 90% firm nr 3-10: part firm/part interruptible or only interruptible Nr 1: firm nr 2: > 90% firm nr 3-10: part firm/part interruptible or only interruptible 3 shippers decline offer: firm part redistributed 3 shippers decline offer: firm part redistributed End result: 10 contracts, 9 shippers End result: 10 contracts, 9 shippers 5 contracts > 3 jr (--> subject to board approval; 13 feb: approved ) 5 contracts > 3 jr (--> subject to board approval; 13 feb: approved )

12. 12 19-02-2004 Amsterdam Bookings 17 December

13. 13 19-02-2004 Amsterdam Evaluation: Shippers Letters/ telephone conversation Comments/remarks on procedure a.o. (list not exhausting) Letters/ telephone conversation Comments/remarks on procedure a.o. (list not exhausting) - preferential upgrade interruptible is not allowed - time stamp ‘race’ in e-mail procedure is not fair (lottery); advantage for T&S/Eurohub - non-transparant - one big party can hijack all capacity - no confidence in non-discriminatory assignment of capacity - preparation GTS not sufficient (extra communication in case of interruptible) - timing: some shippers too late (busy December period)

14. 14 19-02-2004 Amsterdam Evaluation: GTS Remarks GTS : - timing in December unfortunate (busiest period of the year), but no delay possible - e-mail bombardment caused lot of GTS effort - some shippers needed lot of time to come to decision whether to accept interruptible or not - several ‘rounds’ of offers to shippers, in case shipper higher in list declined firm capacity offer - better information needed for shippers on amount of free capacity still available at start of step 2 (after full upgrade)

15. 15 19-02-2004 Amsterdam Short Term: Improvements on current procedure Explain/describe procedure in more detail Explain/describe procedure in more detail Is only one mail per shipper possible (instant reply with time stamp?) Is only one mail per shipper possible (instant reply with time stamp?) Standard e-mail form (to prevent incomplete bookings) Standard e-mail form (to prevent incomplete bookings) Shipper ‘ticks’ in e-mail form whether interruptible capacity will be accepted if firm capacity is (partly) not available Shipper ‘ticks’ in e-mail form whether interruptible capacity will be accepted if firm capacity is (partly) not available No time for consideration to accept offer or time for consideration max. 24 hour No time for consideration to accept offer or time for consideration max. 24 hour

16. 16 19-02-2004 Amsterdam Summary When: Only for release of large quantities of new capacity on points where capacity is in short supply When: Only for release of large quantities of new capacity on points where capacity is in short supply Short term: within scope of current first come first served principle Short term: within scope of current first come first served principle Step 1: Upgrade interruptible becomes standard policy (indicative tariffs & conditions/TSC) Step 1: Upgrade interruptible becomes standard policy (indicative tariffs & conditions/TSC) Step 2: Short term: improvements on current procedure Step 2: Short term: improvements on current procedure

17. 17 19-02-2004 Amsterdam Capacity Release December 2003 Emden-Bunde

18. 18 19-02-2004 Amsterdam Program 10.30-10.40 IntroductionWillem Faber 10.40-11.20 Release capacity + disc.Tineke van der Meij 11.20-11.30 Click & BookPeter Schultz COFFEE BREAK 12.00-12.40 Headlines Tariff system 2005 + discussionHenk Kreuze 12.40-13.00 Various topicsWillem Faber/ Frank Driessen SANDWICH LUNCH

19. 19 19-02-2004 Amsterdam Main features Click & Book What is Click and Book What is Click and Book Changes Changes Which services are C&B-able Which services are C&B-able Time schedule Time schedule Peter Schultz/Wout de Groot

20. 20 19-02-2004 Amsterdam What is C&B Web enabled service for online real time booking of standard services with GEA as web front end Web enabled service for online real time booking of standard services with GEA as web front end Information module Information module How does C&B work? – Log on to GEA (certificate required) – Check availability – Enter amount and period you want to book – Press ‘Send’ (digital signature required) – Few minutes later online confirmation – Fast & easy  why the information meeting? Peter Schultz/Wout de Groot

21. 21 19-02-2004 Amsterdam Changes NOW Email Email Offline processing Offline processing <= 10 working days <= 10 working days Timestamp; email Timestamp; email Click & Book Web interface GEA Online processing Few minutes Timestamp; process C&B 24X7 process, email office hours  C&B can overtake email  FCFS! Peter Schultz/Wout de Groot

22. 22 19-02-2004 Amsterdam GEA/C&BGEA/C&BTresyTresySAP-ISUSAP-ISU Satelite systems System functionality C&B-able services ΣΣ ΣΣ 1.1. 2. 2. 1. SAP-ISU capacity availability capacity availability 1. SAP-ISU capacity availability capacity availability 2. SAP-ISU credit status credit status 2. SAP-ISU credit status credit status online feedback Back office Email route Internet- route office hours processing Peter Schultz/Wout de Groot

23. 23 19-02-2004 Amsterdam Which services are C&B-able First stage, July 2004: First stage, July 2004: – Entry & Exit capacity as C&B-able service. A limited number of entries and exits will not be C&B-able (yet). – All other standard services not yet C&B-able but booking requests can be submitted through the GEA web front end Second stage, planned for Q(1) 05: Second stage, planned for Q(1) 05: – All other standard services C&B-able Peter Schultz/Wout de Groot

24. 24 19-02-2004 Amsterdam Time schedule 16 February 2004 invitation for information meetings 16 February 2004 invitation for information meetings 24 February 2004 closing date applications 24 February 2004 closing date applications 27 February 2004 confirmations 27 February 2004 confirmations Information meetings in the third week of March 2004, see invitation letter Information meetings in the third week of March 2004, see invitation letter July 2004 C&B as new GtS service July 2004 C&B as new GtS service Questions? Please contact: Questions? Please contact: – p.schultz@gasunie.nl ; +31 50 521 2176 p.schultz@gasunie.nl – w.c.de.groot@gasunie.nl ; +31 50 521 3375 w.c.de.groot@gasunie.nl Peter Schultz/Wout de Groot

25. 25 19-02-2004 Amsterdam Program 10.30-10.40 IntroductionWillem Faber 10.40-11.20 Release capacity + disc.Tineke van der Meij 11.20-11.30 Click & BookPeter Schultz COFFEE BREAK 12.00-12.40 Headlines Tariff system 2005 + discussionHenk Kreuze 12.40-13.00 Various topicsWillem Faber/ Frank Driessen SANDWICH LUNCH

26. 26 19-02-2004 Amsterdam Program 10.30-10.40 IntroductionWillem Faber 10.40-11.20 Release capacity + disc.Tineke van der Meij 11.20-11.30 Click & BookPeter Schultz COFFEE BREAK 12.00-12.40 Headlines Tariff system 2005 + discussionHenk Kreuze 12.40-13.00 Various topicsWillem Faber/ Frank Driessen SANDWICH LUNCH

27. Transmission tariffs 2005

28. 28 19-02-2004 Amsterdam Agenda Time schedule Time schedule Transport Transport Contracting Contracting Quality Conversion Quality Conversion TTF TTF Balancing Balancing Capacity trading Capacity trading

29. 29 19-02-2004 Amsterdam Time schedule February / March: headlines February / March: headlines – Consultation DTe – Shipper meeting 19 February – Representative organisations April / May: More details April / May: More details – Draft guidelines DTe – Shippers meeting 21 April – Representative organisations June: Fine tuning June: Fine tuning – Impact guidelines DTe – Shippers meeting – Formal discussions representative organisations – Publication 2005 services and tariffs

30. 30 19-02-2004 Amsterdam Transport Publication more information entry and exit-points: Publication more information entry and exit-points: – Total capacity – Available capacity – Booked capacity – Used capacity Interruptible capacity: better service Interruptible capacity: better service Note: confidentiality issue Note:

31. 31 19-02-2004 Amsterdam Contracting Nom set up 2 days Nom set up 2 days + Standard handling period 10 days + Standard handling period 10 days Nom set up 2 days Nom set up 2 days Nom set up 2 days Nom set up 2 days Nom set up 1 day Nom set up 1 day + Handling period 7 days + Handling period 7 days + Click & Book period 1 day + Click & Book period 1 day If necessary: + 3 days contr. handling period If necessary: + 3 days contr. handling period If necessary: + 9 days contr. handling period If necessary: + 9 days contr. handling period + Click & Book period 1 day + Click & Book period 1 day If necessary: + 9 days contr. handling period If necessary: + 9 days contr. handling period Aimed 2003-June 2004: Basic handling period: Aimed 2nd half 2004: Aimed 2005 onwards:

32. 32 19-02-2004 Amsterdam Quality conversion New market dynamics causes scarce quality conversion New market dynamics causes scarce quality conversion – Incentive for efficient use – GtS has to control quality conversion – Optimization new investments – Public service small fields Partly socialising quality conversion Partly socialising quality conversion – Capacity booking in advance – Maintaining current capacity structure – Socialising (part of) throughput charge Socialised part to be paid for by H-gas entry and L-gas entry Socialised part to be paid for by H-gas entry and L-gas entry

33. 33 19-02-2004 Amsterdam TTF Tariff comparison / benchmark Tariff comparison / benchmark APX-initiatives day-ahead market APX-initiatives day-ahead market Web-enabled TTF as additional front-end tool (cf. EuroHub screens) Web-enabled TTF as additional front-end tool (cf. EuroHub screens)

34. 34 19-02-2004 Amsterdam Balancing Maintaining current balancing regime below zero necessary Maintaining current balancing regime below zero necessary GtS positive towards study available tolerance above zero, taking into account GtS positive towards study available tolerance above zero, taking into account – System integrity – Operational aspects Provide more on-line information Provide more on-line information – Entry point information highest priority Tolerance service: Tolerance service: – Higher frequency in offering the service – Price more uncertain

35. 35 19-02-2004 Amsterdam Capacity trading Electronic Bulletin Board Electronic Bulletin Board – Including bids and offers – GtS acts as broker Interruptible capacity to be tradable Interruptible capacity to be tradable Reduction period between trading capacity and actual transport Reduction period between trading capacity and actual transport

36. Transmission tariffs 2005

37. 37 19-02-2004 Amsterdam Program 10.30-10.40 IntroductionWillem Faber 10.40-11.20 Release capacity + disc.Tineke van der Meij 11.20-11.30 Click & BookPeter Schultz COFFEE BREAK 12.00-12.40 Headlines Tariff system 2005 + discussionHenk Kreuze 12.40-13.00 Various topicsWillem Faber/ Frank Driessen SANDWICH LUNCH

38. 38 19-02-2004 Amsterdam Various Topics Status invoicing Status invoicing Tolerance service 2004 Tolerance service 2004 PVE messages PVE messages Update TSC 2004-2 Update TSC 2004-2 Next Shipper meeting: 21 april 2004 Next Shipper meeting: 21 april 2004

39. 39 19-02-2004 Amsterdam Status of Invoicing Monthly Fixed part To be finalized in May 2004 (avoidance of penalties and impact of Learning Year) To be finalized in June 2004 (avoidance of penalties and impact of Learning Year) Monthly invoice is up to date TTF Fixed/usage part February 2004 Starting with: Portfolio = TTF On monthly basis Starting March 2004 March 2004 Monthly Usage part To be finalized in May 2004 (reviewed RNB data are available in March) To be finalized in June 2004 (reviewed RNB data are available in April) Not earlier than July 2004 Invoicing of 1 st semester 20022002 2003200320042004

40. 40 19-02-2004 Amsterdam Various Topics Status invoicing Status invoicing Tolerance service 2004 Tolerance service 2004 PVE messages PVE messages Update TSC 2004-2 Update TSC 2004-2 Next Shipper meeting: 21 april 2004 Next Shipper meeting: 21 april 2004

41. 41 19-02-2004 Amsterdam PVE Messages (17 feb 17.00)

42. 42 19-02-2004 Amsterdam Shipper meeting 21-04-2004 On Line Balancing On Line Balancing Click and Book Click and Book TSC 2004-2 TSC 2004-2 Long Term Planning Long Term Planning Balancing relations on TTF Balancing relations on TTF Tariff System 2005 update Tariff System 2005 update

43. Shipper meeting 19 February 2004 Sheraton- Amsterdam Thank You for your attention