MassiveIndustry

(Tue, 12 Mar 2019) Working natural gas inventories in the Southern California Natural Company (SoCalGas) storage system have decreased during the winter (November through March) to about 35.9 billion cubic feet (Bcf) as of March 11, down more than 50% from about 81 Bcf in early November 2018. Inventories are now historically low; only five winters since 2001 have seen natural gas inventories dip lower than current levels, according to the SoCalGas data on its public electronic bulletin board. SoCalGas natural gas stocks have not been as low as they are now since February 2014, when natural gas stocks fell materially throughout much of the country because of episodes of cold weather related to polar vortex weather conditions.