| Clearing House Advisory Notices |
| To |
Clearing Member Firms |
| From |
CME Clearing |
| Subject |
Update on Force Majeure Declaration with Respect to NYMEX Natural Gas Deliveries - August 2008 and September 2008 contracts |
| Notice Date |
2008-09-16 |
| Notice Number |
08-227 |
| Effective Date |
2008-09-17
|
The Natural Gas Delivery Committee (the “Committee”) convened today, Tuesday, September 16, 2008 to
review the status of the Force Majeure condition currently in place with regard to NYMEX Natural
Gas deliveries for the August and September delivery months. By way of background, a Force Majeure
was determined by the Committee predicated on a declaration by Sabine Pipeline that it had affected
a Force Majeure at the Henry Hub effective at 9:00 p.m. on September 12, 2008, along with an
associated shut-down of all of its facilities (see NYMEX Notice No. 476 dated September 13, 2008).
The Committee notes that it is aware that Sabine has posted today a notice that it was
lifting its Force Majeure on a limited amount of points on its system for gas flow September 17,
2008. Please note that Sabine posts updates regarding the details of the conditions of their system
at www.sabinepipeline.com. Click on the topic heading "Informational Postings," then "Notices" from
the drop down menu, and finally on "Critical."
For the full text
of this advisory... |
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