SoCal Gas storage inventories on track to peak weeks before withdrawal season typically begins

摘要

Despite peak summer heat driving natural gas demand in the state higher, Southern California Gas Co. storage fields continue to receive injections at a faster-than-normal pace, likely filling inventories some weeks ahead of the typical start of the withdrawal season, and keeping a lid on price volatility in the region. Stronger SoCal Gas demand in July has significantly slowed injections into storage, although inventories are still on pace to fill by mid-to-late September, assuming injections in August and September hold steady with five-year average rates, according to data compiled by S&P Global Platts Analytics.