Reliable, affordable,Â
Essential energy
For New Mexicans
That’s Why We’re Here
Company-owned, in-state storage provides certainty about access to stored gas when it’s needed most, especially on the coldest winter days or during supply constraints.
Most natural gas utilities use stored natural gas to assist normal operations. Currently, NMGC has gas stored in underground salt caverns in Texas leased from a third party. Owning and operating an on-system storage facility will give us greater control over supplying customers by allowing us to directly manage the supply of stored gas, rather than relying on a third party.
Photo credit: Southwest Gas
The proposed LNG storage tank will primarily be filled with gas during low demand periods when gas prices are lower, such as during the summer months. Then, during the winter or when we experience supply disruptions or price spikes, the stored gas can be returned to our system for customer use. By using the stored gas that was purchased at a lower cost, we can pass those savings directly on to our customers.
How Will The LNG
Facility Benefit Our Customers?
Company-owned, in-state storage provides
certainty about access to stored gas when
it’s needed most, especially on the coldest
winter days or during supply constraints.
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About Us
NEW MEXICO GAS COMPANY
As the largest natural gas distribution utility in the state, New Mexico Gas Company provides service to more than 540,000 homes and businesses and about 1.3 million people throughout New Mexico. The Company has more than 700 employees in 26 offices, who are responsible for safely and reliably operating 12,300 miles of pipelines across the state. New Mexico Gas Company is a subsidiary of Emera Inc. Our website is www.nmgco.com