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Keyword: gascontracts

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  • Exchange Delivery Committee Meets to Address Concerns About Natural Gas Futures Contract

    08/29/2005 10:55:11 AM PDT · by snowsislander · 263+ views
    NYMEX website ^ | August 29, 2005
    The delivery committee of the New York Mercantile Exchange, Inc., convened this morning to review deliveries in progress related to the NYMEX Division natural gas futures contract for August 2005. Based upon the shutdown and force majeure declaration by the Sabine Pipeline, which operates the Henry Hub facility in Louisiana, all remaining delivery obligations in the August contract month are operating under force majeure considerations subject to NYMEX rule 220.18. The committee is currently in contact with Sabine regarding handling of any outstanding delivery obligations as expressly prescribed in NYMEX rule 220.18, section (C)(6). All market participants with any outstanding...