SoCal Gas city-gate winter strip hits new record as pipeline constraints continue

摘要

The Southern California Gas city-gate 2021-22 winter strip rose nearly $3 over the last month to reach a new record, as pipeline maintenance and repair projects continue to restrict inflows. An average of SoCal city-gate November 2021-April 2022 contracts reached $10.78/MMBtu, up from $7.89/MMBtu Sept. 1, according to the most recent S&P Global Analytics M2MS forward curve data. While November-through-February all surpassed $10/MMBtu, the December contract has soared to reach $14.41/MMBtu, up around $5 since the start of the month.