Brief: Southern California Gas Co Says Storage Helps Capture 5-Year Low Natural Gas Prices

Sempra

30/06/2026 13:13

June 30 (Reuters) - Southern California Gas Co SOCGP.PK:
SAYS THE COST IT PAYS FOR NATURAL GAS ON BEHALF OF RESIDENTIAL, SMALL BUSINESS CUSTOMERS ACROSS THE SERVICE AREAS REACHED FIVE-YEAR LOW FOR THE MARCH THROUGH MAY PERIOD IN 2026
SAYS THE COST AVERAGED 22.8 CENTS PER THERM DURING THE PERIOD
SAYS BILLED PRICE OF NATURAL GAS DECLINED STEADILY OVER THE SPRING, DROPPING FROM 35.7 CENTS PER THERM IN MARCH TO 16.9 CENTS IN APRIL AND 15.9 CENTS IN MAY – A 55% DECLINE FROM MARCH TO MAY
SAYS SYSTEM FLEXIBILITY, INCLUDING STORAGE AND ACCESS TO MULTIPLE SUPPLY BASINS, HELPS MANAGE COSTS BY ENABLING LOWER-COST GAS PURCHASES AND REDUCING EXPOSURE TO HIGHER-PRICED SUPPLY

Further company coverage: SOCGP.PK

 ((Reuters.Briefs@thomsonreuters.com;))