1. Madrid, April 1 st 2008 5 th SG Meeting South Gas Regional Initiative Working Group 4B : Open Seasons

2. 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. 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. 4 Western and Eastern corridors Centre France Rhône MidCat North South Guyenne Larrau Biriatou

5. 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. 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. 7 (*) (*) Existing, expansion not defined

8. Thank you for your attention