Articles tagged Socalgas

Natural gas emissions continue to decline, but providing transparency about the methane intensity is an increasingly important selling point for many buyers, according to experts.

Amid continued downward pressure from excess storage inventories, and with cooling demand yet to ramp up in earnest, regional natural gas forwards drifted lower during the April 25-May 1 trading period, according to NGI’s Forward Look.

The March natural gas futures contract held above $2.000/MMBtu Tuesday and closed higher on its first day as the front month, aided by technical levels and daily production declines.

Even as natural gas pipeline operators take action to balance system capacity with an oversupply of natural gas flooding the market, prices at the SoCal Citygate have consistently held a substantial premium to values at nearby delivery locations, prompting the question, why?

Natural gas futures were higher on Monday after the weekend models showed hot weather returning to the Lower 48 following the Labor Day holiday. After soaring to a $2.695 intraday high, the September Nymex gas futures contract settled at $2.579/MMBtu, up 3.9 cents from Friday’s settlement. October futures edged up only eight-tenths of a cent to $2.665.

Sempra’s Southern California Gas Co. (SoCalGas) has reached a tentative settlement with California authorities in connection with claims made in 2019 that the utility’s natural gas was “renewable.”

Southern California Gas Co. (SoCalGas) has filed an application to develop a pilot project in the state that could produce up to 4.5 Bcf/year of renewable natural gas (RNG) using organic waste from chipped wood and nut shells. 

With forecasts finally flashing more impressive heat over southern U.S. markets to strengthen the cooling demand outlook, natural gas forwards rallied during the June 1-7 trading period, NGI’s Forward Look data show.

Southern California Gas Co. (SoCalGas) has agreed to pay up to $1.8 billion in three settlement agreements stemming from the country’s largest ever methane leak in 2015 at the Aliso Canyon natural gas storage facility.*

A growing interest in renewable natural gas (RNG) was underscored this month as Newport Beach, CA-based Clean Energy Fuels Corp. signed seven fleet and fueling station supply contracts and Southern California Gas Co. (SoCalGas) entered a demonstration project using supplies to produce hydrogen.