Changing of the guard

Risk staff
01 Dec 2004

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Huberator, the company that controls the Zeebrugge hub, is changing its market rules to improve the way it handles disruptions in supply; and to offer clearing services through APX on Zeebrugge gas contracts.

Its plans are timely: in October, supply disruptions in the UK caused the price between the National Balancing Point (NPB) in the UK and the Zeebrugge hub price to diverge. The basis moved from a few pence per therm to 30p per therm; in two markets which had, until then, been well

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