SETTLEMENTS REDUCE TAKE OR PAY EXPOSURE

U.S. interstate gas pipelines had unresolved take or pay exposure totaling $2.3 billion as of last Sept. 30, the Interstate Natural Gas Association of America reports. Ingaa said, "In spite of continuing settlements between natural gas producers and interstate pipelines from April through September 1989, take or pay exposure remains substantial." Settlements reduced the exposure figure from $2.7 billion at the end of last March, but the latest total includes fresh take or pay exposure incurred

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