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23rd January 2014Teleconference

26th IG Meeting South Gas Regional Initiative

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Agenda

I. Opening

I.1 Welcome

I.2 Approval of the agenda and minutes of the last meeting (for approval)

II. Steps to progress on the implementation of the CAM NC

II.1 Update of the PRISMA training sessions (for information by TSOs) II.2 Status of the approval of regulatory provisions in each country (for information by

NRAs) II.3 Issues to be agreed (for discussion)

- Capacity figures to be offered in March: firm and interruptible for each year. - Transferring of existing contracts from physical IPs to the VIP. - Definition of large and small price steps for each type of product. - Documents to upload by TSOs: General Terms and Conditions for shippers. - How to offer the capacity (bundled or unbundled) when interruptible capacity is

offered on one side and on both sides of the border. - Unbundled capacity sale: VIP, dates.... - Secondary market: when and where trades will take place, public information. - Exchange of information between TSOs: procedure, type, coordination. - Stakeholders’ information: communication by TSOs. - Monitoring by NRAs. - Information about other capacity allocations calendar in the region and beyond.

III. AOB and next meetings – SG meeting in February

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II.1.Update of the PRISMA training session II.2. Status of the approval of regulatory provisions in each countryII.3. Issues to be agreed

II. Steps to progress on the CAM NC implementation

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II.1 Update of the PRISMA training session

(for information by TSOs)

II. Steps to progress on the CAM NC implementation

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II.2 Status of the approval of regulatory provisions in each country

(for information by regulators)

II. Steps to progress on the CAM NC implementation

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II. Steps to progress on the CAM NC implementation

• Spain: A CNMC Circular to be approved by the BoR. Last revision has

taken into account the comments received (10) in Public Consultation, in particular focused on clarification of some provisions.

• France: The tariff related aspects have been reflected in the yearly

deliberation on transmission tariffs (11 December 2013). A Public Consultation has been launched by CRE, on the basis

of GRTgaz’ and TIGF’s proposals. It is open until 31 January 2014. CRE’s deliberation is due by mid-February.

• Portugal: A ERSE Deliberation based on the conclusions of the SGRI.

NRAs regulatory development

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II.3 Issues to be agreed

(for discussion)

II. Steps to progress on the CAM NC implementation

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• Capacity figures to be offered in March and June: TSO must provide ASAP the available capacity according to the following principles: ES-PT:

90% of available technical capacity for yearly auction 10% of available technical capacity for quarterly auction.

ES-FR: 80% of available technical capacity for yearly auction for 15 years 10% of available technical capacity for yearly auction for 5 years 10% of available technical capacity for quarterly auction. Default rule (unless otherwise stated) is that interruptible capacity is

offered only if 98% of the corresponding technical capacity has previously been sold

Issues to be agreed

II. Steps to progress on the CAM NC implementation

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• Transferring of existing contracts from physical IPs to the VIP.

Before 1 October existing contracts must be adapted TSOs will establish deadlines in relation to:

Communication to shippers TSOs and shippers agreements Information to the NRAs in the Region

• Definition of large and small price steps for each type of product. For the annual auction in March 2014, TSOs inform the NRAs of the price

increments envisaged, at the latest one month in advance.

Issues to be agreed

II. Steps to progress on the CAM NC implementation

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• Documents to upload by TSOs in PRISMA: General Terms and Conditions

for shippers. Deadline to be published: 1 February 2014 Deadline for shippers to accept them

• Clarification on the potential offer of unbundled capacity and interruptible capacity in 2014? Is there any interruptible capacity to be offered for March and June

auctions? Is there any unbundled capacity to be offered? When will it be offered to the market?

• Secondary market: when and where trades will take place, public information. PRISMA secondary market functions will be available in April 2014.

Issues to be agreed

II. Steps to progress on the CAM NC implementation

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• Exchange of information between adjacent TSOs

Coordination between TSOs is required. Information to be exchanged and published in:

TSOs websites: link to PRISMA, data included in TSOs regular publications NRAs to be informed after the auction NRAs and the market if needed following the REMIT provisions. NRAS and the market to be informed as soon as possible in case of

disruption Identify improvements for next auctions: TSOs, potentially in coordination with

PRISMA, to submit an annual report of the results and ways to improve the process to NRAs.

• Stakeholders information: TSO will communicate results of the auctions: aggregated to the market,

allocated capacity to the participant –need to define the procedure specifically for day and intraday auction results (immediately after auctions)

Issues to be agreed

II. Steps to progress on the CAM NC implementation

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• Monitoring by NRAs

NRAs will have access to auctions information via PRISMA. NRAs could request TSOs information to perform the monitoring task.

• Information about other capacity allocations calendar in the region and beyond OSP 2014 ES-FR: Short term capacity to be allocated at Larrau IP from 1 April

2014 to 30 September 2014 ONGOING Calendar of national allocations that could be interesting for the market.

Issues to be agreed

II. Steps to progress on the CAM NC implementation

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Deadline Task/Event Responsible Tool

3 March Annual yearly capacity auction TSOs PRISMA

19 February SG meeting Stk, NRAs,TSO meeting

3 February Communication of capacity/procedures for the annual auction to the market

TSOs TSOs WebsitePRISMA

1 February Final agreements among TSOs and regulators: price steps, capacity offer, GTCs, etc.

TSOs TSOs WebsitePRISMA

February 2014 Approval of NRAs regulatory developments NRAs -

To be determinedJan/Feb 2014

IT testing TSOs IT systems

End Jan – early February

Publication of calendar, timings for auctions, starting dates, standard capacity products to be offered

TSOs TSOs WebsitePRISMA

14 Jan 2014 WS training for stakeholders to use PRISMA TSOs, PRISMA meeting

December 2013 Final agreements on points in discussion NRAs/TSOs -

II. Steps to progress on the CAM NC implementation

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IV. AOB and next meetings

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Proposal of next meetings dates: for the 1st semester (auctions: 3 March, 2 June)• 21st SG meeting: 19 February • 27th IG meeting: 28 March - telco• 28th IG meeting: 30 April - telco • 22nd SG meeting: 21 May

V. AOB and next meetings - 2014JANUARY FEBRUARY MARCH

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SG MeetingIG MeetingRCC Meeting