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

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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