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Madrid, April 1 th 2008 5 th SG Meeting South Gas Regional Initiative Spanish Infrastructure Development: Advancement Status

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Madrid, April 1th 2008

5th SG Meeting South Gas Regional Initiative Spanish Infrastructure Development: Advancement Status

2

LARRAU

GWh/d Exit TIGFEntry

EnagásCommon

Value Exit Enagás Entry TIGFCommon

ValueMax: 103 Max: 87 0 0 0

4Q-2008 CS Zaragoza (in operation) Max: 103 Max: 87 0 0 0Pipeline Barcelona - Arbós (duplicate)

Min: 50 (W); 40 (S)

Min: 50 (W); 40 (S)

2Q-2009 CS Navarra Max: 165 Max: 100 0 0 0

4Q-2009 Max: 165 Max: 100 0 0 0

Reinforce CS Haro4Q-2010 Max: 165 Max: 100 W: 30 W: 110 W: 30

S: 50 S: 100 S: 50(51 bar at Mont)

4Q-2012 Max: 165 Max: 100 165 W: 110 W:110S: 100 S:100

CS Villar de Arnedo (51 bar at Mont)4Q-2012 Max: 165 Max: 165 165 165

Rev mar-2008

Current Status(Pipeline Falces - Irurzún in operation)

S: summer capacity (July and August are not considered)France Spain Spain France

87 (59 bar at Villar de Arnedo)87 (59 bar at Villar de Arnedo)100 (45 bar at Navarra)

Min: 50 (W); 40 (S)

Min: 30 (W); 20 (S)

Min: 30 (W); 20 (S)

Min: 60 (W); 40 (S)

Min: 60 (W); 40 (S)

Min: 50 (W); 40 (S)

100 (45 bar at Navarra)Pipeline Tivissa -

Castelnou (duplicate) and Reversibility of flow in TIGF network

Pipeline Tivissa - Paterna (duplicate)

100 (45 bar at Navarra)

Pipeline Lemona - Haro (duplicate)

165 (51 bar at Mont)

(*): Under study, not yet decided

165 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Lussagnet - Lacq (*) and CS Mont (*)

CapacityW: winter capacity

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Zarza de Tajo - Villar de Arnedo

100 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

5th SG Meeting South Gas Regional Initiative Spanish Infrastructure Development: Advancement Status

Delays in the Spanish infrastructures side are due mainly to the administrative permitting process. Delays in the French infrastructures side will allow to achieve simultaneously an homogeneous capacity in both directions.

Reviewed figure

3

LARRAU

GWh/d Exit TIGFEntry

EnagásCommon

Value Exit Enagás Entry TIGFCommon

ValueMax: 103 Max: 87 0 0 0

4Q-2008 CS Zaragoza (in operation) Max: 103 Max: 87 0 0 0Pipeline Barcelona - Arbós (duplicate)

Min: 50 (W); 40 (S)

Min: 50 (W); 40 (S)

2Q-2009 CS Navarra Max: 165 Max: 100 0 0 0

4Q-2009 Max: 165 Max: 100 0 0 0

Reinforce CS Haro4Q-2010 Max: 165 Max: 100 W: 30 W: 110 W: 30

S: 50 S: 100 S: 50(51 bar at Mont)

4Q-2012 Max: 165 Max: 100 165 W: 110 W:110S: 100 S:100

CS Villar de Arnedo (51 bar at Mont)4Q-2012 Max: 165 Max: 165 165 165

Rev mar-2008

Current Status(Pipeline Falces - Irurzún in operation)

S: summer capacity (July and August are not considered)France Spain Spain France

87 (59 bar at Villar de Arnedo)87 (59 bar at Villar de Arnedo)100 (45 bar at Navarra)

Min: 50 (W); 40 (S)

Min: 30 (W); 20 (S)

Min: 30 (W); 20 (S)

Min: 60 (W); 40 (S)

Min: 60 (W); 40 (S)

Min: 50 (W); 40 (S)

100 (45 bar at Navarra)Pipeline Tivissa -

Castelnou (duplicate) and Reversibility of flow in TIGF network

Pipeline Tivissa - Paterna (duplicate)

100 (45 bar at Navarra)

Pipeline Lemona - Haro (duplicate)

165 (51 bar at Mont)

(*): Under study, not yet decided

165 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Lussagnet - Lacq (*) and CS Mont (*)

CapacityW: winter capacity

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Zarza de Tajo - Villar de Arnedo

100 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Delays in the Spanish infrastructures side are due mainly to the administrative permitting process.

Delays in the French infrastructures side will allow to achieve simultaneously an homogeneous capacity in both directions

5th SG Meeting South Gas Regional Initiative Spanish Infrastructure Development: Advancement Status

Delays in the Spanish infrastructures side are due mainly to the administrative permitting process. Delays in the French infrastructures side will allow to achieve simultaneously an homogeneous capacity in both directions.

4

Delays in the Spanish infrastructures side are due mainly to the administrative permitting process.

5th SG Meeting South Gas Regional Initiative Spanish Infrastructure Development: Advancement Status

Environmental Ministry (MMA) Industry Ministry (MITYC) CNE Regional Governments (CCAA) Municipal Authorities etc

ADMINISTRATIVE AUTHORITIESVery long and complex process: Direct Authorisation Public Consultation Environmental approval Administrative approval Working operational licenses

5

Delays in the Spanish infrastructures side are due mainly to the administrative permitting process. Delays in the French infrastructures side will allow to achieve simultaneously an homogeneous capacity in both directions.

LARRAU

GWh/d Exit TIGFEntry

EnagásCommon

Value Exit Enagás Entry TIGFCommon

ValueMax: 103 Max: 87 0 0 0

4Q-2008 CS Zaragoza (in operation) Max: 103 Max: 87 0 0 0Pipeline Barcelona - Arbós (duplicate)

Min: 50 (W); 40 (S)

Min: 50 (W); 40 (S)

2Q-2009 CS Navarra Max: 165 Max: 100 0 0 0

4Q-2009 Max: 165 Max: 100 0 0 0

Reinforce CS Haro4Q-2010 Max: 165 Max: 100 W: 30 W: 110 W: 30

S: 50 S: 100 S: 50(51 bar at Mont)

4Q-2012 Max: 165 Max: 100 165 W: 110 W:110S: 100 S:100

CS Villar de Arnedo (51 bar at Mont)4Q-2012 Max: 165 Max: 165 165 165

Rev mar-2008

Current Status(Pipeline Falces - Irurzún in operation)

S: summer capacity (July and August are not considered)France Spain Spain France

87 (59 bar at Villar de Arnedo)87 (59 bar at Villar de Arnedo)100 (45 bar at Navarra)

Min: 50 (W); 40 (S)

Min: 30 (W); 20 (S)

Min: 30 (W); 20 (S)

Min: 60 (W); 40 (S)

Min: 60 (W); 40 (S)

Min: 50 (W); 40 (S)

100 (45 bar at Navarra)Pipeline Tivissa -

Castelnou (duplicate) and Reversibility of flow in TIGF network

Pipeline Tivissa - Paterna (duplicate)

100 (45 bar at Navarra)

Pipeline Lemona - Haro (duplicate)

165 (51 bar at Mont)

(*): Under study, not yet decided

165 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Lussagnet - Lacq (*) and CS Mont (*)

CapacityW: winter capacity

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Zarza de Tajo - Villar de Arnedo

100 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

UNDER OPERATION

UNDER OPERATION

Pipeline

Falces – Irurzún

5th SG Meeting South Gas Regional Initiative Spanish Infrastructure Development: Advancement Status

6

Delays in the Spanish infrastructures side are due mainly to the administrative permitting process. Delays in the French infrastructures side will allow to achieve simultaneously an homogeneous capacity in both directions.

LARRAU

GWh/d Exit TIGFEntry

EnagásCommon

Value Exit Enagás Entry TIGFCommon

ValueMax: 103 Max: 87 0 0 0

4Q-2008 CS Zaragoza (in operation) Max: 103 Max: 87 0 0 0Pipeline Barcelona - Arbós (duplicate)

Min: 50 (W); 40 (S)

Min: 50 (W); 40 (S)

2Q-2009 CS Navarra Max: 165 Max: 100 0 0 0

4Q-2009 Max: 165 Max: 100 0 0 0

Reinforce CS Haro4Q-2010 Max: 165 Max: 100 W: 30 W: 110 W: 30

S: 50 S: 100 S: 50(51 bar at Mont)

4Q-2012 Max: 165 Max: 100 165 W: 110 W:110S: 100 S:100

CS Villar de Arnedo (51 bar at Mont)4Q-2012 Max: 165 Max: 165 165 165

Rev mar-2008

Current Status(Pipeline Falces - Irurzún in operation)

S: summer capacity (July and August are not considered)France Spain Spain France

87 (59 bar at Villar de Arnedo)87 (59 bar at Villar de Arnedo)100 (45 bar at Navarra)

Min: 50 (W); 40 (S)

Min: 30 (W); 20 (S)

Min: 30 (W); 20 (S)

Min: 60 (W); 40 (S)

Min: 60 (W); 40 (S)

Min: 50 (W); 40 (S)

100 (45 bar at Navarra)Pipeline Tivissa -

Castelnou (duplicate) and Reversibility of flow in TIGF network

Pipeline Tivissa - Paterna (duplicate)

100 (45 bar at Navarra)

Pipeline Lemona - Haro (duplicate)

165 (51 bar at Mont)

(*): Under study, not yet decided

165 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Lussagnet - Lacq (*) and CS Mont (*)

CapacityW: winter capacity

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Zarza de Tajo - Villar de Arnedo

100 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

UNDER OPERATION

UNDER OPERATION

CS Zaragoza

5th SG Meeting South Gas Regional Initiative Spanish Infrastructure Development: Advancement Status

7

Delays in the Spanish infrastructures side are due mainly to the administrative permitting process. Delays in the French infrastructures side will allow to achieve simultaneously an homogeneous capacity in both directions.

LARRAU

GWh/d Exit TIGFEntry

EnagásCommon

Value Exit Enagás Entry TIGFCommon

ValueMax: 103 Max: 87 0 0 0

4Q-2008 CS Zaragoza (in operation) Max: 103 Max: 87 0 0 0Pipeline Barcelona - Arbós (duplicate)

Min: 50 (W); 40 (S)

Min: 50 (W); 40 (S)

2Q-2009 CS Navarra Max: 165 Max: 100 0 0 0

4Q-2009 Max: 165 Max: 100 0 0 0

Reinforce CS Haro4Q-2010 Max: 165 Max: 100 W: 30 W: 110 W: 30

S: 50 S: 100 S: 50(51 bar at Mont)

4Q-2012 Max: 165 Max: 100 165 W: 110 W:110S: 100 S:100

CS Villar de Arnedo (51 bar at Mont)4Q-2012 Max: 165 Max: 165 165 165

Rev mar-2008

Current Status(Pipeline Falces - Irurzún in operation)

S: summer capacity (July and August are not considered)France Spain Spain France

87 (59 bar at Villar de Arnedo)87 (59 bar at Villar de Arnedo)100 (45 bar at Navarra)

Min: 50 (W); 40 (S)

Min: 30 (W); 20 (S)

Min: 30 (W); 20 (S)

Min: 60 (W); 40 (S)

Min: 60 (W); 40 (S)

Min: 50 (W); 40 (S)

100 (45 bar at Navarra)Pipeline Tivissa -

Castelnou (duplicate) and Reversibility of flow in TIGF network

Pipeline Tivissa - Paterna (duplicate)

100 (45 bar at Navarra)

Pipeline Lemona - Haro (duplicate)

165 (51 bar at Mont)

(*): Under study, not yet decided

165 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Lussagnet - Lacq (*) and CS Mont (*)

CapacityW: winter capacity

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Zarza de Tajo - Villar de Arnedo

100 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

DECIDED & ON TIME

DECIDED & ON TIME

Pipeline Barcelona – Arbós (duplicate)

5th SG Meeting South Gas Regional Initiative Spanish Infrastructure Development: Advancement Status

8

100 %

ConstructionPurchases

Physical advancement status

100 % 100 % 53 %

EngineeringPermissions

and fields

60 % already built (42,2 Km) and the rest expected in Oct 2008

Environmental Assesment

Administrative Authorization

Administrative Milestones

Investment 96 M€ 91%Expended/Compromised

Pipeline Barcelona - Arbós

DECIDED & ON TIME

DECIDED & ON TIME

Investment figures are merely tentative and correspond with the current best estimation.

9

Delays in the Spanish infrastructures side are due mainly to the administrative permitting process. Delays in the French infrastructures side will allow to achieve simultaneously an homogeneous capacity in both directions.

LARRAU

GWh/d Exit TIGFEntry

EnagásCommon

Value Exit Enagás Entry TIGFCommon

ValueMax: 103 Max: 87 0 0 0

4Q-2008 CS Zaragoza (in operation) Max: 103 Max: 87 0 0 0Pipeline Barcelona - Arbós (duplicate)

Min: 50 (W); 40 (S)

Min: 50 (W); 40 (S)

2Q-2009 CS Navarra Max: 165 Max: 100 0 0 0

4Q-2009 Max: 165 Max: 100 0 0 0

Reinforce CS Haro4Q-2010 Max: 165 Max: 100 W: 30 W: 110 W: 30

S: 50 S: 100 S: 50(51 bar at Mont)

4Q-2012 Max: 165 Max: 100 165 W: 110 W:110S: 100 S:100

CS Villar de Arnedo (51 bar at Mont)4Q-2012 Max: 165 Max: 165 165 165

Rev mar-2008

Current Status(Pipeline Falces - Irurzún in operation)

S: summer capacity (July and August are not considered)France Spain Spain France

87 (59 bar at Villar de Arnedo)87 (59 bar at Villar de Arnedo)100 (45 bar at Navarra)

Min: 50 (W); 40 (S)

Min: 30 (W); 20 (S)

Min: 30 (W); 20 (S)

Min: 60 (W); 40 (S)

Min: 60 (W); 40 (S)

Min: 50 (W); 40 (S)

100 (45 bar at Navarra)Pipeline Tivissa -

Castelnou (duplicate) and Reversibility of flow in TIGF network

Pipeline Tivissa - Paterna (duplicate)

100 (45 bar at Navarra)

Pipeline Lemona - Haro (duplicate)

165 (51 bar at Mont)

(*): Under study, not yet decided

165 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Lussagnet - Lacq (*) and CS Mont (*)

CapacityW: winter capacity

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Zarza de Tajo - Villar de Arnedo

100 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

DECIDED & ON TIME

DECIDED & ON TIME

CS Navarra

5th SG Meeting South Gas Regional Initiative Spanish Infrastructure Development: Advancement Status

10

Investment 50 M€ 96%Expended/Compromised

Under construction

Environmental Assesment

Administrative Authorization

Administrative Milestones

ConstructionPurchases

Physical advancement status

100 % 84 % 10 %

EngineeringPermissions

and fields

98 %

DECIDED & ON TIME

DECIDED & ON TIME

CS Navarra

Investment figures are merely tentative and correspond with the current best estimation.

11

Delays in the Spanish infrastructures side are due mainly to the administrative permitting process. Delays in the French infrastructures side will allow to achieve simultaneously an homogeneous capacity in both directions.

LARRAU

GWh/d Exit TIGFEntry

EnagásCommon

Value Exit Enagás Entry TIGFCommon

ValueMax: 103 Max: 87 0 0 0

4Q-2008 CS Zaragoza (in operation) Max: 103 Max: 87 0 0 0Pipeline Barcelona - Arbós (duplicate)

Min: 50 (W); 40 (S)

Min: 50 (W); 40 (S)

2Q-2009 CS Navarra Max: 165 Max: 100 0 0 0

4Q-2009 Max: 165 Max: 100 0 0 0

Reinforce CS Haro4Q-2010 Max: 165 Max: 100 W: 30 W: 110 W: 30

S: 50 S: 100 S: 50(51 bar at Mont)

4Q-2012 Max: 165 Max: 100 165 W: 110 W:110S: 100 S:100

CS Villar de Arnedo (51 bar at Mont)4Q-2012 Max: 165 Max: 165 165 165

Rev mar-2008

Current Status(Pipeline Falces - Irurzún in operation)

S: summer capacity (July and August are not considered)France Spain Spain France

87 (59 bar at Villar de Arnedo)87 (59 bar at Villar de Arnedo)100 (45 bar at Navarra)

Min: 50 (W); 40 (S)

Min: 30 (W); 20 (S)

Min: 30 (W); 20 (S)

Min: 60 (W); 40 (S)

Min: 60 (W); 40 (S)

Min: 50 (W); 40 (S)

100 (45 bar at Navarra)Pipeline Tivissa -

Castelnou (duplicate) and Reversibility of flow in TIGF network

Pipeline Tivissa - Paterna (duplicate)

100 (45 bar at Navarra)

Pipeline Lemona - Haro (duplicate)

165 (51 bar at Mont)

(*): Under study, not yet decided

165 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Lussagnet - Lacq (*) and CS Mont (*)

CapacityW: winter capacity

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Zarza de Tajo - Villar de Arnedo

100 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

DECIDED & ON TIME

DECIDED & ON TIME

Pipeline Lemona – Haro (duplicate)

5th SG Meeting South Gas Regional Initiative Spanish Infrastructure Development: Advancement Status

12

Investment 59 M€ 35%Expended/Compromised

Ending permissions and fields process

Environmental Assesment

Administrative Authorization

Administrative Milestones

ConstructionPurchases

Physical advancement status

100 % 92 % 0 %

EngineeringPermissions

and fields

83 %

Pipeline Lemona – Haro (duplicate)

DECIDED & ON TIME

DECIDED & ON TIME

Investment figures are merely tentative and correspond with the current best estimation.

13

Delays in the Spanish infrastructures side are due mainly to the administrative permitting process. Delays in the French infrastructures side will allow to achieve simultaneously an homogeneous capacity in both directions.

LARRAU

GWh/d Exit TIGFEntry

EnagásCommon

Value Exit Enagás Entry TIGFCommon

ValueMax: 103 Max: 87 0 0 0

4Q-2008 CS Zaragoza (in operation) Max: 103 Max: 87 0 0 0Pipeline Barcelona - Arbós (duplicate)

Min: 50 (W); 40 (S)

Min: 50 (W); 40 (S)

2Q-2009 CS Navarra Max: 165 Max: 100 0 0 0

4Q-2009 Max: 165 Max: 100 0 0 0

Reinforce CS Haro4Q-2010 Max: 165 Max: 100 W: 30 W: 110 W: 30

S: 50 S: 100 S: 50(51 bar at Mont)

4Q-2012 Max: 165 Max: 100 165 W: 110 W:110S: 100 S:100

CS Villar de Arnedo (51 bar at Mont)4Q-2012 Max: 165 Max: 165 165 165

Rev mar-2008

Current Status(Pipeline Falces - Irurzún in operation)

S: summer capacity (July and August are not considered)France Spain Spain France

87 (59 bar at Villar de Arnedo)87 (59 bar at Villar de Arnedo)100 (45 bar at Navarra)

Min: 50 (W); 40 (S)

Min: 30 (W); 20 (S)

Min: 30 (W); 20 (S)

Min: 60 (W); 40 (S)

Min: 60 (W); 40 (S)

Min: 50 (W); 40 (S)

100 (45 bar at Navarra)Pipeline Tivissa -

Castelnou (duplicate) and Reversibility of flow in TIGF network

Pipeline Tivissa - Paterna (duplicate)

100 (45 bar at Navarra)

Pipeline Lemona - Haro (duplicate)

165 (51 bar at Mont)

(*): Under study, not yet decided

165 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Lussagnet - Lacq (*) and CS Mont (*)

CapacityW: winter capacity

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Zarza de Tajo - Villar de Arnedo

100 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

DECIDED & ON TIME

DECIDED & ON TIME

Reinforce CS Haro

5th SG Meeting South Gas Regional Initiative Spanish Infrastructure Development: Advancement Status

14

94 %

ConstructionPurchases

Physical advancement status

95 % 72 % 0 %

EngineeringPermissions

and fields

Construction works about to start

Environmental Assesment

Administrative Authorization

Administrative Milestones

Investment 31 M€ 80%Expended/Compromised

Reinforcement CS Haro

DECIDED & ON TIME

DECIDED & ON TIME

Investment figures are merely tentative and correspond with the current best estimation.

15

Delays in the Spanish infrastructures side are due mainly to the administrative permitting process. Delays in the French infrastructures side will allow to achieve simultaneously an homogeneous capacity in both directions.

LARRAU

GWh/d Exit TIGFEntry

EnagásCommon

Value Exit Enagás Entry TIGFCommon

ValueMax: 103 Max: 87 0 0 0

4Q-2008 CS Zaragoza (in operation) Max: 103 Max: 87 0 0 0Pipeline Barcelona - Arbós (duplicate)

Min: 50 (W); 40 (S)

Min: 50 (W); 40 (S)

2Q-2009 CS Navarra Max: 165 Max: 100 0 0 0

4Q-2009 Max: 165 Max: 100 0 0 0

Reinforce CS Haro4Q-2010 Max: 165 Max: 100 W: 30 W: 110 W: 30

S: 50 S: 100 S: 50(51 bar at Mont)

4Q-2012 Max: 165 Max: 100 165 W: 110 W:110S: 100 S:100

CS Villar de Arnedo (51 bar at Mont)4Q-2012 Max: 165 Max: 165 165 165

Rev mar-2008

Current Status(Pipeline Falces - Irurzún in operation)

S: summer capacity (July and August are not considered)France Spain Spain France

87 (59 bar at Villar de Arnedo)87 (59 bar at Villar de Arnedo)100 (45 bar at Navarra)

Min: 50 (W); 40 (S)

Min: 30 (W); 20 (S)

Min: 30 (W); 20 (S)

Min: 60 (W); 40 (S)

Min: 60 (W); 40 (S)

Min: 50 (W); 40 (S)

100 (45 bar at Navarra)Pipeline Tivissa -

Castelnou (duplicate) and Reversibility of flow in TIGF network

Pipeline Tivissa - Paterna (duplicate)

100 (45 bar at Navarra)

Pipeline Lemona - Haro (duplicate)

165 (51 bar at Mont)

(*): Under study, not yet decided

165 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Lussagnet - Lacq (*) and CS Mont (*)

CapacityW: winter capacity

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Zarza de Tajo - Villar de Arnedo

100 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

DELAYED butDECIDED

DELAYED butDECIDED

Pipeline Tivissa – Paterna

(duplicate)

5th SG Meeting South Gas Regional Initiative Spanish Infrastructure Development: Advancement Status

16

ConstructionPurchasesPermissions

and fields

Investment 239 M€ 44%Expended/Compromised

Administrative Milestones

Environmental Assesment Pending

Pending

Under Public Consultation Process

Administrative Authorization

24 %

Physical advancement status

100 % 42 % 0 %

Engineering

Pipeline Tivissa – Paterna (duplicate)

DELAYED butDECIDED

DELAYED butDECIDED

Investment figures are merely tentative and correspond with the current best estimation.

17

Delays in the Spanish infrastructures side are due mainly to the administrative permitting process. Delays in the French infrastructures side will allow to achieve simultaneously an homogeneous capacity in both directions.

LARRAU

GWh/d Exit TIGFEntry

EnagásCommon

Value Exit Enagás Entry TIGFCommon

ValueMax: 103 Max: 87 0 0 0

4Q-2008 CS Zaragoza (in operation) Max: 103 Max: 87 0 0 0Pipeline Barcelona - Arbós (duplicate)

Min: 50 (W); 40 (S)

Min: 50 (W); 40 (S)

2Q-2009 CS Navarra Max: 165 Max: 100 0 0 0

4Q-2009 Max: 165 Max: 100 0 0 0

Reinforce CS Haro4Q-2010 Max: 165 Max: 100 W: 30 W: 110 W: 30

S: 50 S: 100 S: 50(51 bar at Mont)

4Q-2012 Max: 165 Max: 100 165 W: 110 W:110S: 100 S:100

CS Villar de Arnedo (51 bar at Mont)4Q-2012 Max: 165 Max: 165 165 165

Rev mar-2008

Current Status(Pipeline Falces - Irurzún in operation)

S: summer capacity (July and August are not considered)France Spain Spain France

87 (59 bar at Villar de Arnedo)87 (59 bar at Villar de Arnedo)100 (45 bar at Navarra)

Min: 50 (W); 40 (S)

Min: 30 (W); 20 (S)

Min: 30 (W); 20 (S)

Min: 60 (W); 40 (S)

Min: 60 (W); 40 (S)

Min: 50 (W); 40 (S)

100 (45 bar at Navarra)Pipeline Tivissa -

Castelnou (duplicate) and Reversibility of flow in TIGF network

Pipeline Tivissa - Paterna (duplicate)

100 (45 bar at Navarra)

Pipeline Lemona - Haro (duplicate)

165 (51 bar at Mont)

(*): Under study, not yet decided

165 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Lussagnet - Lacq (*) and CS Mont (*)

CapacityW: winter capacity

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Zarza de Tajo - Villar de Arnedo

100 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

DELAYED butDECIDED

DELAYED butDECIDED

Pipeline Tivissa – Castelnou (duplicate)

5th SG Meeting South Gas Regional Initiative Spanish Infrastructure Development: Advancement Status

18

Physical advancement status

Under Public Consultation Process

ConstructionPurchases

100 % 78 % 0 %

EngineeringPermissions

and fields

33 %

Administrative Milestones

Environmental Assesment

Administrative Authorization

Pending

Pending

Investment 50 M€ 35%Expended/Compromised

Pipeline Tivissa – Castelnou (duplicate)

DELAYED butDECIDED

DELAYED butDECIDED

Investment figures are merely tentative and correspond with the current best estimation.

19

Delays in the Spanish infrastructures side are due mainly to the administrative permitting process. Delays in the French infrastructures side will allow to achieve simultaneously an homogeneous capacity in both directions.

LARRAU

GWh/d Exit TIGFEntry

EnagásCommon

Value Exit Enagás Entry TIGFCommon

ValueMax: 103 Max: 87 0 0 0

4Q-2008 CS Zaragoza (in operation) Max: 103 Max: 87 0 0 0Pipeline Barcelona - Arbós (duplicate)

Min: 50 (W); 40 (S)

Min: 50 (W); 40 (S)

2Q-2009 CS Navarra Max: 165 Max: 100 0 0 0

4Q-2009 Max: 165 Max: 100 0 0 0

Reinforce CS Haro4Q-2010 Max: 165 Max: 100 W: 30 W: 110 W: 30

S: 50 S: 100 S: 50(51 bar at Mont)

4Q-2012 Max: 165 Max: 100 165 W: 110 W:110S: 100 S:100

CS Villar de Arnedo (51 bar at Mont)4Q-2012 Max: 165 Max: 165 165 165

Rev mar-2008

Current Status(Pipeline Falces - Irurzún in operation)

S: summer capacity (July and August are not considered)France Spain Spain France

87 (59 bar at Villar de Arnedo)87 (59 bar at Villar de Arnedo)100 (45 bar at Navarra)

Min: 50 (W); 40 (S)

Min: 30 (W); 20 (S)

Min: 30 (W); 20 (S)

Min: 60 (W); 40 (S)

Min: 60 (W); 40 (S)

Min: 50 (W); 40 (S)

100 (45 bar at Navarra)Pipeline Tivissa -

Castelnou (duplicate) and Reversibility of flow in TIGF network

Pipeline Tivissa - Paterna (duplicate)

100 (45 bar at Navarra)

Pipeline Lemona - Haro (duplicate)

165 (51 bar at Mont)

(*): Under study, not yet decided

165 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Lussagnet - Lacq (*) and CS Mont (*)

CapacityW: winter capacity

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Zarza de Tajo - Villar de Arnedo

100 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

DELAYED butDECIDED

DELAYED butDECIDED

Pipeline Zarza de Tajo – Villar de Arnedo

5th SG Meeting South Gas Regional Initiative Spanish Infrastructure Development: Advancement Status

20

Investment 199 M€ 1%Expended/Compromised

Administrative Milestones

Environmental Assesment

Administrative Authorization

Pending

Pending

Permissions and fields

15 %

Physical advancement status

Zarza de Tajo - Yela: Pending of start of Public ConsultationYela - Villar de Arnedo: Pending Direct Authorisation

ConstructionPurchases

70 % 2 % 0 %

Engineering

Pipeline Zarza de Tajo – Villar de Arnedo

DELAYED butDECIDED

DELAYED butDECIDED

Investment figures are merely tentative and correspond with the current best estimation.

21

Delays in the Spanish infrastructures side are due mainly to the administrative permitting process. Delays in the French infrastructures side will allow to achieve simultaneously an homogeneous capacity in both directions.

LARRAU

GWh/d Exit TIGFEntry

EnagásCommon

Value Exit Enagás Entry TIGFCommon

ValueMax: 103 Max: 87 0 0 0

4Q-2008 CS Zaragoza (in operation) Max: 103 Max: 87 0 0 0Pipeline Barcelona - Arbós (duplicate)

Min: 50 (W); 40 (S)

Min: 50 (W); 40 (S)

2Q-2009 CS Navarra Max: 165 Max: 100 0 0 0

4Q-2009 Max: 165 Max: 100 0 0 0

Reinforce CS Haro4Q-2010 Max: 165 Max: 100 W: 30 W: 110 W: 30

S: 50 S: 100 S: 50(51 bar at Mont)

4Q-2012 Max: 165 Max: 100 165 W: 110 W:110S: 100 S:100

CS Villar de Arnedo (51 bar at Mont)4Q-2012 Max: 165 Max: 165 165 165

Rev mar-2008

Current Status(Pipeline Falces - Irurzún in operation)

S: summer capacity (July and August are not considered)France Spain Spain France

87 (59 bar at Villar de Arnedo)87 (59 bar at Villar de Arnedo)100 (45 bar at Navarra)

Min: 50 (W); 40 (S)

Min: 30 (W); 20 (S)

Min: 30 (W); 20 (S)

Min: 60 (W); 40 (S)

Min: 60 (W); 40 (S)

Min: 50 (W); 40 (S)

100 (45 bar at Navarra)Pipeline Tivissa -

Castelnou (duplicate) and Reversibility of flow in TIGF network

Pipeline Tivissa - Paterna (duplicate)

100 (45 bar at Navarra)

Pipeline Lemona - Haro (duplicate)

165 (51 bar at Mont)

(*): Under study, not yet decided

165 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Lussagnet - Lacq (*) and CS Mont (*)

CapacityW: winter capacity

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

Pipeline Zarza de Tajo - Villar de Arnedo

100 (45 bar at Navarra)

Min: 0 (W); 0 (S)

Min: 0 (W); 0 (S)

DELAYED butDECIDED

DELAYED butDECIDED

CS Villar de Arnedo

5th SG Meeting South Gas Regional Initiative Spanish Infrastructure Development: Advancement Status

22

Physical advancement status

With Direct Authorisation ( March 08)

ConstructionPurchases

25 % 1 % 0 %

EngineeringPermissions

and fields

15 %

Administrative Milestones

Environmental Assesment

Administrative Authorization

Pending

Pending

Investment 51 M€ 2%Expended/Compromised

CS Villar de Arnedo

DELAYED butDECIDED

DELAYED butDECIDED

Investment figures are merely tentative and correspond with the current best estimation.

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5th SG Meeting South Gas Regional Initiative Spanish Infrastructure Development: Advancement Status

InvestmentExpended/

Compromised

On time & Decided 236 M€ 77%

289 M€ 42%

Total OSP 525 M€ 58%

(*) Infrastructure put in operation before end 2010.

OS

(**

)

Delayed but Decided 250 M€ 1%

(**) Infrastructure put in operation after 2010.

TOTAL(OS+OSP)

775 M€ 39%

OS

P (

*)DECIDED &

ON TIMEDECIDED &

ON TIME

DELAYED butDECIDED

DELAYED butDECIDED

DELAYED butDECIDED

DELAYED butDECIDED

24

5th SG Meeting South Gas Regional Initiative

Infrastructures Development Status after > 1 year

All of them DECIDED Some of them already in OPERATION The rest under DEVELOPMENT

Most of them ON TIME The rest with some DELAYS

Spanish Infrastructures

Thank you for your attention