KEY ACHIEVEMENTS SO FAR - December 2007
General issues	Integrated MIBGAS initiative within the South Gas REM. Continued working on different deliverables set up by the work plan.
Priority I: Interconnection Capacity	Completed study on investment needs for 2007-2015 between French and Spanish border. Completed the study on investments until 2011 between Spain and Portugal. Agreed the principles of a harmonized CAM, based on an open subscription, for the French-Spanish new interconnections under construction. Details are being finished by TSOs. The Spanish Ministry will publish a norm to allow the application of the procedure in Spain.  French connection Guyenne 1 capacity will be sold in December 2007. The OSP to allocate the planned capacity of the two French-Spanish interconnections will be made in spring 2008.  Irún/Biriatou common interconnection capacities values identified by TSOs. An Open Season procedure is being developed now by TSOs to identified market needs of future Spanish/French interconnection capacity.
Priority II: Interoperability	Created 5 internal working groups among TSOs to solve interoperability difficulties already identified in all infrastructures. Agenda to solve the problems available for all interconnections. Portuguese/Spanish problems already identified too. French and Spanish TSOs have started to apply their agenda to sort out interoperability problems . Some interoperability agreements have been reached with regard to the Larrau interconnection. The Spanish Network Code will be modified to adapt to the CBP of EASEE-gas.
Priority III: Transparency	Carried out a consultation with shippers on their views on existent level of transparency. Checked information published by TSOs on their web page. Identified improvement areas. A interconnection status record is to be publish this month to made public the development of the new infrastructures. It will be updated each six months.
Priority V: Hubs	Portuguese and Spanish regulators have elaborated a draft document with the General Principles and Organization Model of the MIBGAS.The document has gone throught public consultation.  The regulators, as well, have defined a detail agenda for future work.