1 1 Brussels, 31 st March 2009 Presentation by Peter Hohaus Senior Manager Legal & Regulatory Affairs ERGEG North West Gas Regional Energy Market Transparency Mini Workshop

2 Eurogas views on Transparency Overview A.Basic Conditions for Transparency B. Eurogas reflection on possible „Phase 2 Priorities“

3 A. Basic Conditions for Transparency  User-friendly transparency of system operations is a prerequisite of a well functioning gas market  There should be a presumption towards such transparency, unless a need for confidentiality can be justified to the NRA, in line with the requirements of the Regulation 1775  Deficiencies in the implementation are still a matter of concern  We have seen good progress in the meantime, but TSOs as service providers for shippers have a responsibility to deliver improvements  NRAs have to enforce better implementation, as far as necessary

4 A. Basic Conditions for Transparency  Eurogas views on areas for further improvement  Need for more flow information on a daily basis and also more granular information, for example monthly data with regard to a year`s contract  Publication of all non-user specific information. TSOs should not use special programs or databases  TSOs should provide information on - probability of interruption - information that would be useful to balancing  Detailed system maps should show the names of all entry and exit points that are to be classed as relevant points  Minimum Transparency Requirements List (MinTra list)  Outlines common views of different associations on minimum requirements

5 B. Eurogas reflection on possible „Phase 2 Priorities“  Eurogas appreciates to see good progress in phase 1 of the transparency project, but common efforts to improve transparency are still necessary  Eurogas welcomes the ongoing work to improve transparency in the North Wes Gas Regional Energy Market in phase 2 of the project  Basically phase 2 should deliver results, which allow to expand the scope of information in line with the MinTra list, including in detail:  Improved information delivered in phase one (e.g. concerning capacity, interruption, flows) in terms of both frequency and consistency of provision  Gas quality information  Balancing and related (including linepack)