Nat Gas News – September 18, 2018

Nat Gas News – September 18, 2018

SoCalGas to Offer Renewable Natural Gas at its Fueling Stations for the First Time

Market Watch reported: (SoCalGas) today announced it will soon begin using renewable natural gas for the first time at the 25 utility-owned natural gas vehicle fueling stations across its service territory, as well as at six fueling stations in the San Diego area. Last month, the utility received approval from the California Public Utilities Commission (CPUC) for a pilot program to purchase the renewable fuel and capture the additional environmental credits generated. Today, it published a Request for Offer (RFO), and expects to complete gas purchase agreements in the near future. Photos of SoCalGas natural gas fueling stations are available here. Renewable natural gas (RNG) is produced from the methane generated in landfills, wastewater treatment plants, food processing and dairies and depending on its source, can be low-carbon or in some cases, even carbon-negative. It can be used to fuel trucks and buses, to generate electricity, to heat homes and businesses, and to cook. For more on this story visit marketwatch.com or click https://on.mktw.net/2QDPMVz

European Natural Gas, Asian LNG Markets Set for ‘Tight’ Winter: Shell’s Wetselaar

S&P Global reported: Both the European gas market and the LNG market in Asia look “tight” for the duration of the upcoming winter, with prices likely to remain elevated until at least March 2019, Shell’s head of integrated gas Maarten Wetselaar said. Speaking on the sidelines of the Gastech conference in Barcelona, Wetselaar said LNG is currently priced at near oil parity for the winter, which, he said, was high. “The winter looks bullish for gas,” Wetselaar said, adding that the markets in Asia and Europe looked tight “all the way out to March and April.” “Gas prices in Europe are relatively high, with storage levels not quite recovered from the tough winter, so with a tight LNG market in Asia, Europe might well see high prices as well,” he said. For more on this story visit spglobal.com or click https://bit.ly/2NQxBgO

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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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