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.

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