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ICA (OBA) ERGEG April 8th 2008. Interconnection Agreement (OBA): Contractual structure. CEGH System. Business IA Multilateral Agreement. SPP System. OMV Gas System. BOG System. TAG System. SPP System. TAG System. Technical IA Agreements Bilaterally concluded. SPP System.
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ICA (OBA) ERGEG April 8th 2008
Interconnection Agreement (OBA): Contractual structure CEGH System Business IA Multilateral Agreement SPP System OMV Gas System BOG System TAG System SPP System TAG System Technical IA Agreements Bilaterally concluded SPP System BOG System SPP System OMV Gas System
OBA: Contractual structure Sole purpose: Matching platform dealing with the overall nomination management between transportation and trading activities across the systems Business ICP Multilateral Agreement Dealing with all technical issues: balancing account, metering methodologies, operation of metering stations between TSO`s Technical ICP Agreements Bilaterally conclusion
SPP TAG c c c WAG Regulatory Zone Austria Wheeling HAG Wheeling storage HUB central matching station in between Transportation Systems
Beneficial development concerning utilization of interruptible services (liquid hub is beneficial for interruptible services) Efficient operation of nomination management integrating the world of trade; (everybody can transfer gas to 66 counterparts within 2 hours lead time) In case of interruption any shipper can trade gas on a liquid hub within 2 hours lead time full integration of storage quantities into the trading activities (wheeling) and shipping activities (more possibilities for shippers to manage interruptible transportation ) Operational Efficiency
TSOs obtain free membership at CEGH platform TSOs have access to Bulletin Board free of charge (used already twice by TSOs) No fees for shippers! buying or selling at the CEGH No fees for TSOs buying or selling gas at the hub CEGH to be developed as balancing point TSOs and shippers will have access to future stock exchange (spot market) Transparencyis guaranteed by E – Control, Financial authorities (Austrian Financial Markets Supervisory Agency ) Commercial Efficiency
Interconnection Agreement (OBA): Revised ICA - Concept OMV Gas System SPP System Business IA Common agreement Service provider CEGH System BOG System TAG System SPP System TAG System Technical IA Agreements Bilaterally conclusion SPP System BOG System SPP System OMV Gas System
Future approach If CEGH would be 100% subsidiary of OMV GAS there would be no resistance integrating trade activities Since GAZPROM will be participating in CEGH, there seems to be some reluctance in this respect Shareholders will enter into discussions these days