September 2, 2008 / 7:53 PM / 11 years ago

Henry Hub lifts most force majeure, sees no damage

NEW YORK, Sept 2 (Reuters) - The operator of the Henry Hub, the benchmark trading point for NYMEX natural gas futures, said Tuesday initial assessments of the Hub complex revealed no serious damage as a result of Hurricane Gustav, and lifted its declaration of force majeure at several receipt points.

Sabine Pipe Line LLC said it would be accepting nominations for gas flow beginning at 9 p.m. CDT. However, due to the unavailability of compression at the complex, the north and south compressor stations remained offline until commercial power is restored, Sabine said in a website posting.

Sabine, a unit of oil major Chevron Corp (CVX.N), operates a 131-mile pipeline that transports natural gas between Erath, Louisiana and Port Arthur, Texas. (Reporting by Eileen Moustakis)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below