IGS Energy history

Although CNG's year-to-year profitability was volatile, the company provided a 24 percent average annual return to investors during the 1980s, and by January 1990, had a 98 percent saturation of its traditional distribution area. It also required a 162-mile pipeline extension, construction of which began in early 1990.

Issued in 1992, the Order states that pipelines must separate their transportation and sales services, so that all pipeline customers have a choice in selecting their gas sales, transportation, and storage services from any provider, in any quantity.

As of January 1, 1993, all remaining NGPA price regulations were to be eliminated, allowing the market to completely determine the price of natural gas at the wellhead.

In 1994, the company drilled two gas wells in the Gulf of Mexico, in partnership with Oryx Energy in a project known as Popeye, and added 190 billion cubic feet to its gas reserves.

In 1995, another alliance was formed with electric utility, Energy Australia, to develop cogeneration and gas projects in Asia and Australia.

In 1996, CNG International was created to look for overseas markets.

In 1997, CNG Energy Services agreed to built a 26-megawatt electric power plant on the Hawaiian island of Kauai.

In 1998 – as part of the rapid consolidation in the electric and natural gas industries to lower costs and achieve economies of scale sparked by deregulation – Pacific Enterprises merged with Enova Corporation, the parent company of San Diego Gas & Co.

Prices in 2001 doubled within one month partly because nearly one-third of utilities had chosen not to hedge against market spikes and began buying on the daily spot markets.

As this 2004 edition of the APGA History Highlights goes to print, liquefied natural gas (LNG) is beginning to play a more prominent role in the overall gas supply picture.

The record warm winter in 2011 would push the price below $2.