On 23rd September the European Federation of Energy Traders (EFET)1 published a Spanish Gas Appendix (AOC Appendix) to the EFET Gas Master Agreement.
The bilingual Spanish-English AOC (Almacenamiento Operativo Comercial) Appendix is the product of the joint efforts of lawyers and industry representatives to develop an industry standard for gas trading in the Spanish market. It reflects the specific AOC terminology in relation to defined terms, confirmations, scheduling, force majeure, remedies for failure to deliver or take, off-spec gas and taxes.