The European Federation of Energy Traders (EFET)1 has launched a new Iberian
Gas Group (IGG).
In line with EFET principles and mission, the new IGG’s main objective is to promote
gas trading in the region and to improve liquidity and transparency within the Iberian
gas market.

The companies currently participating in the IGG are: ALPIQ, BP, EDF TRADING,
EDP, EGL, ENDESA, ENEL, ENERGYA VM, E.ON Energy Trading, GAS NATURAL
FENOSA, GDF SUEZ, GASELYS, IBERDROLA, MORGAN STANLEY, RWE ST,
SHELL and TOTAL. Javier Florez, from EDP, has been elected as the Chairman of
IGG.

In this initial phase, the IGG will focus on those key features of wholesale gas
markets that are fundamental for the development of trading in the Spanish and
Portuguese markets.
To this aim, the group will work closely with representatives of other EFET groups
who are familiar with other gas market models in Europe, particularly the members of
the EFET Gas Committee. At the same time, IGG will draw on the knowledge and
contributions of the representatives of member companies with expertise in the
Spanish and Portuguese wholesale markets.

“Local and international gas traders have all been involved in the formation of this
new group," said Colin Lyle, EFET Gas Committee Chairman. "Momentum is
growing to take the next steps in the development of a fully traded
downstream Iberian gas market and to improve the conditions for price discovery
and market integration throughout Europe".

“The recently created Iberian Gas Group is formed by a big variety of Companies
which will assure that all perspectives are considered and is ready to help the
authorities in the design of new wholesale markets” said Javier Florez, IGG
Chairman.

For further information, please contact:
Ilaria Conti, Policy and Communication Associate: I.Conti@efet.org; Mob. +32 (0)485 613 773