1. 8th SG Meeting South Gas Regional Initiative 27th April 2009, Paris

2. 2 Agenda

3. 3 II.1 OS: Information memorandum OPEN SEASON PROCEDURE INFORMATION MEMORANDUM Presentation by TSOs

4. 4 Conclusions on the Information Memorandum Transparency commitment about the economic test Tariff visibility Clarification of investment costs Contractual agreement framework Deadlines to be kept Trading licenses to be requested if needed Possibility to book capacity from or to the AOC (wholesale market) in Spain

5. 5 II.2 OS: Allocation rules and forms OPEN SEASON PROCEDURE Allocation rules and allocation forms Presentation by TSOs

6. 6 Allocation rules - Conclusions One month for comments to be sent to regulators Documents will be published on ERGEG’s website

7. 7 TRANSPARENCY Transparency at LNG terminals in the South Region Presentation by Regulators III. Transparency at LNG terminalss in the S-GRI

8. 8 UsersCountryNumber of responsesTerminal referred in their responses User 1Spain2Spanish and French terminals User 2Spain3Spanish, Portuguese and French terminals User 3Spain2Spanish and French terminals User 4Spain2Spanish and French terminals User 5Spain1Spanish terminals User 6UK1Spanish terminals User 7UK1Spanish terminals User 8Holland1Spanish terminals User 9France1French terminals User 10Portugal1Portuguese terminals User 11Portugal1Portuguese terminals TOTAL = 15 responses III. Transparency-Level of participation Spanish terminals— 8 responses French terminals– 4 responses Portuguese terminals— 3 responses

9. 9 III. Transparency--Transparency cheking  The survey questioned about transparency regarding: Regulatory provisions on transparency Infrastructure description Current and future capacities Capacity availability Capacity utilization Services and contracts Rules, penalties and compensation payments for noncompliance with LSOs’ and users’ obligations Maintenance plans Terminal code

10. 10 III. Transparency– Results NRAs’ responses Regulatory provisions on transparency

11. 11 III. Transparency– Results

12. 12 III. Transparency– Results

13. 13 Contracted capacity Available capacity Short term available capacity III. Transparency– Results

14. 14 III. Transparency– Results

15. 15 Spot services Standrad services contracts Conditions of interruptible services III. Transparency– Results Services and contracts

16. 16 III. Transparency– Results

17. 17 III. Transparency- Results

18. 18 III. Transparency- Results

19. 19  Considerable good level of transparency  However, some room for improvement has been identified regarding: Capacities Historical capacity use Services Penalties for noncompliance with obligations Publication on websites Publication in english, as well as in national language III. Transparency- Conclusions

20. 20 MUTUAL RECOGNITION OF TRADING LICENCES IN THE IBERIAN NATURAL GAS MARKET (MIBGAS)  CNE and ERSE prepared a public consultation document in order to collect opinions from market agents, TSOs, DSOs and other interested institutions, about the mutual recognition of trading licenses in the Iberian natural gas market.  The consultation document was published on each of the regulators’ websites in February 2009.  The main proposal submitted for public consultation consists of the adoption of an agreement between Spain and Portugal for mutual recognition of gas trading licences issued by one country, in the neighbouring country. IV. MIBGAS PUBLIC CONSULTATION PROCESS of MUTUAL RECOGNITION OF TRADING LICENCES

21. 21  The players in the Iberian gas market evaluated the proposal for mutual recognition of trading licences in the Iberian natural gas market positively and showed willingness and interest in the development of the Iberian Gas Market.  However, a majority of answers considers that is necessary to harmonise the requirements to get the trading licence in the two countries, and propose to maintain actual licence requirements, in order to grant consumer’ protection.  The replies received are going to be evaluated for the final writing of the proposal for mutual recognition of trading licences in the Iberian natural gas market prepared by the CNE and the ERSE. IV. MIBGAS Answers received: In response to the public consultation, 7 written replies were received from market agents and gas infrastructure owners.

22. 22 Next Steps:  The final writing of the proposal for mutual recognition of trading licences in the Iberian natural gas market will be prepared by the CNE and the ERSE before June 2009, and send to both Governments  The adoption of an agreement between the Governments of Spain and Portugal for mutual recognition of gas trading licences issued by one country, in the neighbouring country. MUTUAL RECOGNITION OF TRADING LICENCES IN THE IBERIAN NATURAL GAS MARKET (MIBGAS) IV. MIBGAS

23. 23 V. Further actions Next RCC meeting: 25th June 2009? Next IG meeting: 25th June 2009?

24. 24 VI. Any other business