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Enbridge describes Magna LNG tank and storage limits as supply‑reliability backstop, not routine price hedge
Summary
At the PSC technical conference Enbridge said the Magna LNG tank is sized and reserved for supply reliability; company leaders said LNG would be used if purchased or on‑system supplies fail, and that using LNG to manage price spikes would require board/staff consultation.
Enbridge Gas told the Utah Public Service Commission that its Magna liquefied natural gas (LNG) facility is intended primarily as a supply‑reliability backstop rather than a routine tool for hedging peak‑day market prices. Presenters said the Magna LNG tank has a working capacity of about 13.2 million gallons and was approximately 88% full in July; liquefaction has begun and the company plans to finish fills in the fall for operational and market reasons. Kelly Manning Hall, counsel for Enbridge Gas (on the phone), and other…
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