Nat Gas News – January 25, 2017

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In the News

SoCalGas withdraws natural gas from Aliso Canyon field, citing high demand after storm

The Los Angeles Daily News reports: Southern California Gas Co. has resumed withdrawing natural gas from its Aliso Canyon storage facility on Tuesday near the northwest San Fernando Valley in light of significant demand fueled by colder weather conditions. The announcement came one day after the utility issued an advisory asking its 21.6 million customers to “immediately” reduce their natural gas use amid colder weather to prevent possible gas and electricity shortages. Although a moratorium has been in place on injections at Aliso Canyon as a result of the nearly four-month methane leak that ended last February, state regulators allow the utility to withdraw gas from wells that have passed inspections in order to meet reliability of the region’s natural gas and electricity systems, according to the California Public Utilities Commission. “Today’s withdrawal at Aliso Canyon, the first since January 2016, utilizes only those wells that have been approved for use by the Division of Oil, Gas and Geothermal Resources,” SoCalGas said in a statement. For more visit dailynews.com or click http://bit.ly/2jcscxe

Natural gas is driving manufacturing’s revival in Pa.

The Pittsburgh Post-Gazette reports: Throughout the commonwealth, natural gas is driving a manufacturing revival that’s creating goodpaying jobs and boosting local economies. Plastics and chemical manufacturers are turning their attention here to take advantage of our proximity to affordable, abundant natural gas feedstocks and a highly skilled labor force. In fact, a recent London School of Economics study confirmed that shale development “has made U.S. manufacturing more competitive,” as abundant shale gas provides American manufacturers with “a cost advantage over their international competitors.” For more visit post-gazette.com or click the following link http://bit.ly/2kgu8qd

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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