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8th Stakeholder Group Meeting of the Gas Regional Initiative North-West (GRI NW)

8th Stakeholder Group Meeting of the Gas Regional Initiative North-West (GRI NW). Brussels, 26 November 2010. Mark Hobbelink Wiekens, GTS. Agenda. a new cross border service What is Link4Hubs? How does it work? Preliminary conclusions. What is Link4Hubs?.

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8th Stakeholder Group Meeting of the Gas Regional Initiative North-West (GRI NW)

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  1. 8th Stakeholder Group Meeting of the Gas Regional Initiative North-West (GRI NW) Brussels, 26 November 2010 Mark Hobbelink Wiekens, GTS

  2. Agenda a new cross border service • What is Link4Hubs? • How does it work? • Preliminary conclusions

  3. What is Link4Hubs? Short term capacity assessment makes a newfirm Day Ahead product possible Service enables the transfer of gas between the 3 grids A One-click service Capacity booking and nomination combined Enhance possibilities for day ahead cross-border gas trade and price arbitrage ENDK GUD GTS

  4. Link4Hubs – how does it work? Shipper • One Click: • Transfer of gas from portfolio in one country to portfolio • in another country TSO Contracts One click received TSO A prepares exit-contract from country A TSO B prepares entry-contract and exit-contract through country B TSO C prepares entry-contract into country C All TSOs nominate to these contracts Shipper only sees new cross-border service contracts ENDK GTS GUD TSO actions The TSOs arrange the underlying physical transportation The offered service is firm (we start by offering a small amount)

  5. Some preliminary conclusions Results Challenges • Common focus on market facilitation • Successful inter TSO cooperation • Co-operation agreement established • Implemented very fast and within budget and deadlines! • Positive customer feedback • Three parties • New international inter-TSO project organization • Different contract and tax rules • Differences in TSO IT-systems and internal procedures • Cultural differences

  6. “in a nutshell” • Registration started 1 June 2010 • Operational since 1 July 2010 • Opening hours – business days between 9-11 • Capacity available at the GTS side of Link4Hubs starts with a cap of 60 MWh/h More information onwww.link4hubs.com

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