1. GRI Investment work stream The Hague, 13 July 2007 Preliminary results and next steps

2. Overview TSO responses TSOCountryquestionnaire returned Gas Transport Services B.V.NLX E.On Gastransport AG & Co KGDX Energienet.dkDKX BEB Transport und Speicher Service GmbHDX Swedegas ABSX RWE Transportnetz Gas GmbHDX Bord Gais EireannIRLX WINGAS TRANSPORT GmbH & Co. KGDX GRTgazFX ONTRAS – VNG Gastransport GmbHDX BBLNL informal contact (phone, email) National GridUK informal contact (phone, email) FluxysB EWED InterconnectorB/UK Dong PipelinesD GASSCON Gaz SystemPL Investment survey

3. Preliminary results: Recent Projects Most common arrangements: –Built on demand; few open seasons –Regular TPA Most common problem: –Regulatory uncertainty –Insufficient economic return (expected) Suggested solutions –Change of mindset by NRA (to achieve stable and fair regulatory framework) –Increased regulatory co-ordination –Specific NDI framework

4. Preliminary results: New Projects Demand acquisition: –nearly exclusively open season Difficulties foreseen: –Regulatory uncertainty –Insufficient economic return –Potentially inter-TSO co-ordination issues Various open seasons ongoing or under consideration

5. (Planned) Open Seasons and investment projects RWE Transp. Folmhusen - OSZ Wingas Transport N-Stream related inv. Fluxys/ GRTgaz joint OS Ontras BGI Ontras PL-D extension Energinet.dk Baltic pipe Energinet.dk Skanled Energinet.dk Ellund extension Swedegas AB Skagerrak crossing RWE Transp. CZ-B pipeline* *not mentioned in questionnaire GTS OS 2012 BBL extension Potential Norwegian investments* GRTgaz LNG terminals

6. Next steps: Recent Projects Goal: –How to improve current situation and learn from recent projects? Possible actions: –Ideas on how to improve regulatory uncertainty? Easy wins? –Develop best practice open season? Overlap with European work on GGP OS?

7. Next steps: New Projects (proposal) 1.Website with an overview of the initiatives and links to sites of TSOs conducting an open season/contact details Is it required/ found useful by the market? Assess costs Decide on platform (GTE, ERGEG, other?) Financing 2.Inter-TSO co-ordination for open seasons that are running Organise the inter-TSO co-ordination of running/planned open seasons (technical, timing, capacities etc)