GRTgaz North  South Link Capacities Sales Organization Considering Future France – Spain Developments 5 th SG meeting of S-GRI in Madrid

GRTgaz Context ERGEG – South GRI : regional step for an opened gas market in Europe Increasing France-Spain interconnection capacities TIGF-ENAGAS: Larrau and Biriatou (2013) TIGF-GRTgaz-ENAGAS: new capacity MidCat (2015)

GRTgaz +55GWh/d in 2013 to Spain +87GWh/d in 2013 to Spain +180GWh/d in 2015 to Spain 230GWh/d end 2010 Capacities +230GWh/d in 2015 to France +165GWh/d in 2013 to France +35GWh/d in 2013 to France

GRTgaz Sales Capacities Mechanisms OSP : for existing or decided capacities Capacities sold for 4 years maximum The aim : new market players would have the possibility to subscribe capacities OS : futures capacities Ask the market Engage shippers to subscribe the new capacities once available Subscription period years The aim: helping investment decision Both mechanisms will be used to ensure selling capacities in the North  South link Two different situations treated independently: North to South Link South to North Link

GRTgaz North to South Link Totally booked Link Last OSP result (January 2008): demand exceeds offer, all capacities subscribed Capacity developments in the North zone (Tansières, LNG terminals…) Open Season in 2008 for new capacities available on 1st January 2015 Until then, existing capacities will be sold by OSP

GRTgaz North to South Link: Calendar OSP mi-2010 (dispo avril 2011) OSP mi-2011 (dispo avril 2012) OSP mi-2012 (dispo avril 2013)

GRTgaz South to North Link Underbooked Link Last OSP result (January 2008) : 10% of total capacities subscribed, 200GWh/d available after 2011 New capacities Larrau + Biriatou in 2013 : 200GWh/d Other possible developments from now to 2015 :  MidCat  Le Verdon  Fos  Storage South of France Interconnection project with Spain: MidCat Open Season in 2009 about South to North Link coordinated with MidCat Additional needs in the North to South Link might be taken into account Capacities available on 1 st January 2015 Until then, existing capacities will be sold by OSP Possible congestion on the South to North Link Capacity South to North still available

GRTgaz South to North Link: Calendar

GRTgaz Schedule Proposal 2008 Open Season North to South Link capacities available on 1 st January Open Season South to North Link N  S additional needs might be taken into account capacities available on 1 st January 2015 OSP in North to South Link until 1 st January 2015 mid-2010 OSP North to South Link; capacities available in April 2011 mid-2011 OSP North to South Link; capacities available in April 2012 mid-2012 OSP North to South Link; capacities available in April 2013 OSP in South to North Link, until 1 st January 2015 Existing capacities for identified needs until the end 2014 OSP every month