The spot price of natural gas at the SoCalGas Citygate trading hub jumped to more than $2.40, a 25-cent increase in a single day, according to the US Energy Information Administration. The price jump is due to summer weather, which increases demand, and a planned two-month maintenance that will reduce gas flow between Arizona and California. SoCal Gas began maintenance on Line 235-2, which is approximately 50 miles long and runs from Victorville to just east of Barstow. The maintenance reduced flow on the line by 40%. This is not the first time there has been work done on the [...]
A recent U.S. Energy Information Administration report found that the SoCal Gas’ natural gas inventory totaled 74.4 billion cubic feet (Bcf), which is nearly identical to levels last winter, and almost 10% higher than in 2017.