Notice to Members
Notice No. 356 08/29/2005
August 2005 NYMEX Natural Gas Deliveries
The Delivery Committee (the "Committee") convened this morning, Monday, August 29, 2005, to review deliveries in progress related to the NYMEX Natural Gas futures contract for August 2005. Based upon the shutdown and Force Majeure declaration by Sabine Pipeline who operates the Henry Hub facility in Louisiana, all remaining delivery obligations in the August 2005 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 still outstanding delivery obligations as expressly prescribed in Rule 220.18 Section (C)(6). All market participants with any outstanding August 2005 NYMEX Natural Gas obligations will be advised of any further decisions by the Committee. All parties have available now, as always, the ability to mutually agree to execute an ADP pursuant to NYMEX Rule 220.17A for the August 2005 delivery obligations. Further, the Committee will be considering any appropriate decisions and actions pursuant to the rules regarding any upcoming obligations in the September 2005 Natural Gas future as conditions at the Henry Hub are evaluated.
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