South Jersey Gas (SJG) posted a gas sendout record over the Jan. 29-30 weekend because of teeth-chattering cold temperatures averaging 17 degrees and blizzard conditions. Most folks in New Jersey apparently stayed home for the weekend and cranked up their heat. The utility company set a record for a three-day sendout at 1,197,580 decatherms of gas, which broke the prior record of 1,159,578 decatherms set Jan. 23-25 last winter. “Despite consistently cold weather, our portfolio of gas supplies was more than sufficient to meet our customers’ needs,” said Ed Graham, president of SJG. “We employ a prudent natural gas supply strategy which allows us to handle extreme winter temperatures like those recently affecting our region.” SJG has invested $380 million during the last eight years to improve its delivery system and infrastructure and because of growing demand on its system. The company serves 311,000 residential, commercial and industrial customers in seven New Jersey counties.
Averaging
Articles from Averaging
Blizzard, Severe Cold Test South Jersey Gas’ Delivery System
South Jersey Gas (SJG) posted a gas sendout record over the weekend because of teeth-chattering temperatures averaging 17 degrees and blizzard conditions. Most folks in New Jersey apparently stayed home for the weekend and cranked up their heat.
Idaho PUC Accepts Five-Year Gas Procurement Plan
The Idaho Public Utilities Commission has accepted a five-year procurement plan for Intermountain Gas Co. that anticipates load growth averaging 4% annually over the period among its current assortment of 242,000 retail customers.
EIA Projects Production Decline This Year, But Also Cuts Demand Forecast
Natural gas prices are expected to continue rising this year, averaging more than $6/MMBtu this fall and winter, according to the Energy Information Administration’s latest Short Term Energy Outlook. The EIA has done an about-face on its domestic supply projections. It now sees “only marginal improvement in the supply picture” through 2005 with slight domestic production growth next year and modest increases in liquefied natural gas (LNG) imports.
EIA Projects Production Decline This Year, But Also Cuts Demand Forecast
Natural gas prices are expected to continue rising this year, averaging more than $6/MMBtu this fall and winter, according to the Energy Information Administration’s latest Short Term Energy Outlook. The EIA has done an about-face on its domestic supply projections. It now sees “only marginal improvement in the supply picture” through 2005 with slight domestic production growth next year and modest increases in liquefied natural gas (LNG) imports.
ESAI: CAISO Control Area Average Peak Load Trending Up in ’04
Average peak load in the California Independent System Operator (CAISO) control area is generally averaging 6% higher in 2004 than in 2003, Energy Security Analysis Inc. (ESAI) said in the latest edition of the WECC [Western Electricity Coordinating Council] Energy Watch.
Futures Soar, Then Dip on Bullish Storage Data
After averaging a hefty 91 Bcf a week in storage injections since April, the natural gas market fell sharply off that pace last week with a 53 Bcf refill, prompting some market observers to rethink how much the blackouts affected gas demand. Using that bullish news as an updraft, the October futures contract soared immediately to $5.08 following the 10:30 a.m. EDT report.
EIA Lowers 2002 Production Data, Sees Wellhead Prices Averaging $4.36 in ’03
After months of criticism that it had been underestimating the decline of domestic natural gas production in 2002 by a considerable amount, the Energy Information Administration (EIA) came forward in its February Short Term Energy Outlook with revised production statistics based on data collected from another government agency, the Minerals Management Service. However, a large discrepancy in its statistics remains, leaving open the possibility of further large revisions in the future.
EIA Lowers 2002 Production Data, Sees Wellhead Prices Averaging $4.36 in ’03
After months of criticism that it had been underestimating the decline of domestic natural gas production in 2002 by a considerable amount, the Energy Information Administration (EIA) came forward in its February Short Term Energy Outlook with revised production statistics based on data collected from another government agency, the Minerals Management Service. However, a large discrepancy in its statistics remains, leaving open the possibility of further large revisions in the future.
EIA Figures Difference Between Wellhead and Henry Hub at 24 to 32 Cents/Mcf
The difference between wellhead prices and Henry Hub prices between August 1996 and December 2000 averaged 32 cents/Mcf, with Hub prices averaging 10.8% higher, according to a study by the Energy Department’s Energy Information Administration (EIA). However, the median value between the two of 24 cents/Mcf may be a better measure, EIA said.
