Nat Gas News – May 23, 2017
Nat Gas News – May 23, 2017
In the News
Sempra proposes natural gas pipeline from Miramar to Rainbow
San Diego Reader reports: Sempra Energy, the parent company of both San Diego Gas & Electric and SoCalGas (serving Riverside County), is in the planning stages for a massive new $600 million natural gas pipeline running roughly from Miramar north to Rainbow, on the San Diego/Riverside county line. The 36-inch line would partially replace the aging 16-inch pipe that entered service in 1949. The 36-inch line, dubbed Line 3602, would partially replace the aging Line 1600, a 16-inch pipe that entered service in 1949, delivering gas to the region from Riverside. Due to safety concerns following a 2010 explosion in San Bruno, state regulators want the utility to either conduct pressure testing on Line 1600 or reduce the pressure at which gas flows through it. Environmentalists have come out in opposition of the plan, saying that decreasing demand for natural gas as the state moves toward renewable energy to meet tough pollution control targets means the new pipeline, several times larger than the old, is unnecessary. For more on this story visit sandiegoreader.com or click the following link http://bit.ly/2rJr6P0
U.S. natural gas futures kick off the week with strong gains
Investing.com reports: U.S. natural gas futures rose sharply on Monday, on track for their second straight session of gains as traders monitored shifting weather forecasts to assess the outlook for spring demand and supply levels. Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on spring heating demand. Gas use typically hits a seasonal low with spring’s mild temperatures, before warmer weather increases demand for gasfired electricity generation to power air conditioning. For more on this story visit investment.com or click http://bit.ly/2q42PWU
This article is part of Daily Natural Gas Newsletter
Tagged: natural gas, prices
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