UK: British Gas MONOPOLY TO BE BROKEN.
UK: British Gas MONOPOLY TO BE BROKEN. - The Office of Fair Trading is clearly upset that the British Gas monopoly is still unbroken - but elsewhere optimism is high that the end is near.
The Office of Fair Trading is clearly upset that the British Gas monopoly is still unbroken - but elsewhere optimism is high that the end is near.
Kleinwort Benson analyst Paul Spedding points out that nearly 40% of new gas supplies since 1989 have been committed to the growing pool of fledgling British Gas competitors.
As it takes four or five years to get a new gas field flowing, by 1993 new players like Amerada Hess, BP, Shell/Esso, AGAS and Enron will be emerging as a force. Meanwhile, it is likely that British Gas will again be asked to on-sell some of its supplies to competitors in 1992-93.
