WATCHING THE WORLD U.K. INDUSTRIAL GAS MARKET

The long period of phony competition is over in Britain's industrial market for gas. From the day British Gas Corp.'s monopoly was privatized in 1986 and became British Gas plc, the new company and the conservative government have paid lip service to the idea of competition in this market. Transforming a state monopoly into a thriving competitive business sector takes more than good intentions, as the new companies established to exploit opportunities have discovered.

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