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US NATGAS: Socal Gas Prices Rise on Day

US NATGAS
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Socal gas prices are rising today as sendout continues to outpace inflows into the region. Meanwhile, storage withdrawals today are above the recent average, according to the EIA.

  • SoCal Border is up 12 cents/MMBtu (3.41%) to $3.64/MMBtu, according to the EIA, while NGI data shows Socal City Gate up 7 cents/MMBtu and Socal Topock up 7.5 cents/MMBtu
  • State-wide demand in California is down 130 mcf/d on the day to 7.76 bcf/d, outpaced by a 170 bcf/d decline in pipeline inflows, Bloomberg showed.
  • Daily natural gas sendout in Socal is 3.42 bcf/d today, outpacing receipts of 2.85 bcf/d, the EIA shows.
  • Flows are marginally lower on the El Paso, Kern River, and North Baja lines, while Mojave is down by 150 mcf/d, according to Bloomberg.
  • The daily natural gas inventory change is down 1.46 bcf, slightly below yesterday’s withdrawal of 1.61 bcf, but nonetheless higher than average for the past week, EIA data showed.
  • Temperatures in Los Angeles are seen largely within the normal range, according to EIA data.

 

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Socal gas prices are rising today as sendout continues to outpace inflows into the region. Meanwhile, storage withdrawals today are above the recent average, according to the EIA.

  • SoCal Border is up 12 cents/MMBtu (3.41%) to $3.64/MMBtu, according to the EIA, while NGI data shows Socal City Gate up 7 cents/MMBtu and Socal Topock up 7.5 cents/MMBtu
  • State-wide demand in California is down 130 mcf/d on the day to 7.76 bcf/d, outpaced by a 170 bcf/d decline in pipeline inflows, Bloomberg showed.
  • Daily natural gas sendout in Socal is 3.42 bcf/d today, outpacing receipts of 2.85 bcf/d, the EIA shows.
  • Flows are marginally lower on the El Paso, Kern River, and North Baja lines, while Mojave is down by 150 mcf/d, according to Bloomberg.
  • The daily natural gas inventory change is down 1.46 bcf, slightly below yesterday’s withdrawal of 1.61 bcf, but nonetheless higher than average for the past week, EIA data showed.
  • Temperatures in Los Angeles are seen largely within the normal range, according to EIA data.

 

Keep reading...Show less