Gas supplies have been tight in Southern California for years due to the pipeline limitations and reduced availability of the utility's biggest storage field at Aliso Canyon.
The booming US LNG industry are increasingly seeking other markets as a second wave of LNG project construction begins.
Three more months allowed; Iraqis reliant on Iran to keep power grid going.
The Asia-Pacific region will remain the largest source of gas consumption growth in the medium term with an average rate of 4% per year.
Company is betting on a sharp rise in demand for natural gas for power generation.