The statute also requires the Energy Commission to provide long-term forecasts of the anticipated supply, demand and price of these fuels.
Natural gas is an important source of fuel for California.
California imports more than 80 percent of its natural gas from neighboring supply regions and Canada, with domestic production accounting for the rest. Hence, in order to the fulfill its statutory requirements, the California Energy Commission needs to conduct a comprehensive analysis of the supply, transportation and demand for natural gas throughout the continent to gain an understanding of how the natural gas market will impact the state's future natural gas supply availability and price. Starting at 10 a.m. This hearing will focus on issues related to unconventional natural gas resource estimates and general assumptions underlying the natural gas market. Further, the Commission is interested in hearing from participants on issues relevant to the forthcoming analysis.