SoCalGas - Gas Acquisition - Secondary Market Services
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Gas Acquisition - Secondary Market Services

Park, Loan and Wheel

Advantages

  • Ability to execute firm and interruptible transactions
  • Access to more than 1 billion cubic feet of flowing gas supply per day
  • Access to gas storage inventory
  • Mitigate monthly imbalance positions
  • Balance long or short positions
  • Arrange delivery of gas into other delivery points or systems

Gas Acquisition - Secondary Market Services deals are structured to meet your specific volume, term, and location requirements. Gas Acquisition - Secondary Market Services can accommodate even your last minute needs as well as short-term or long-term transactions.

Services Available

  • Parking - Gas is held for set period of time and returned at the same location.
  • Loaning - Gas is loaned for a set period of time and repaid at the same location.
  • Wheeling - Receipt of gas at one location and delivery of gas at another location on the SoCalGas system.

Example of Park

  • Market assumptions: California border gas is contango from December to the following February.
  • Your Gas Acquisition - Secondary Market Services representative determines the Gas Acquisition - Secondary Market Services has assets available to park gas in December for withdrawal the following February.
  • You buy December gas and deliver it to the Gas Acquisition - Secondary Market Services for a negotiated fee.
  • The Gas Acquisition - Secondary Market Services delivers the gas back to you the following February.

Example of Loan

  • Market assumptions: California border gas market is in backwardation from January to April of the current year.
  • Your Gas Acquisition - Secondary Market Services representative determines the Gas Acquisition - Secondary Market Services has assets available to loan gas in January for an April payback.
  • You borrow January gas from the Gas Acquisition - Secondary Market Services for a negotiated fee.
  • You deliver the gas back in April to the Gas Acquisition - Secondary Market Services.

Example of Wheel

  • A customer has California production gas in one location and a market in another location.
  • The Gas Acquisition - Secondary Market Services can receive and deliver gas at different points within the SoCalGas system subject to system operations for a negotiated fee.

The Gas Acquisition - Secondary Market Services exists to optimize the utilization and value of SoCalGas' core assets, particularly storage and flowing gas supply. In doing so, the Gas Acquisition - Secondary Market Services offers customers alternative solutions for today's dynamic natural gas market.

To ensure Gas Acquisition - Secondary Market Services Services are readily available to meet your needs, sign a Secondary Market Services Agreement. There's no cost or obligation. Individual deals will be verified through confirmations.

Call today, and we'll do the rest.

For additional information, please call:

Steve Baird (213) 244-3901

Reginald Gentry (213) 244-3815 or

Ralph Gotauco at (213) 244-3872

SoCalGas System Map

SoCalGas Pipeline map (Adobe PDF, 39 KB)

Credit Application

Credit Application (PDF, 60 KB)