Socalgas

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? Spot prices at SoCal Citygate averaged less than $1.00/MMBtu above the Henry Hub…

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…

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.” California Attorney General (AG) Rob Bonta announced the agreement Monday, in which he called the claims by SoCalGas misleading.  “The vast majority of natural gas — including…

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.  If approved by regulators, the project would be the largest of its kind in California, according to…

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. July fixed prices at benchmark Henry Hub added 6.1 cents during the period to finish at $2.328/MMBtu. Most Lower 48 hubs finished in…

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.* The agreements announced Monday “are expected to resolve substantially all material civil litigation against SoCalGas” related to the incident, the…

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. Clean Energy, which has contracts with fleets in the ports of Los…

Southern California Gas Co. (SoCalGas) on Tuesday set aggressive carbon reduction goals, pledging that its natural gas utility operations would achieve net zero emissions by 2045. Citing the global United Nations climate accord reached in late 2015, the Sempra Energy utility joined other U.S. gas distributors that have made greenhouse gas (GHG) reduction commitments. The…

Sempra Energy has revealed a one-time $72 million charge for litigation related to the 2015-16 methane leak at the Southern California Gas Co. (SoCalGas) Aliso Canyon Storage Field.