North American natural gas prices lost more than three dollars in June after an explosion at the Freeport liquefied natural gas (LNG) plant early in the month knocked the facility offline.

Mexico prices

August took over as the front month contract for New York Mercantile Exchange futures this week and prices continued to be pressured downwards. On Thursday around midday, after a larger than expected injection into U.S. natural gas stocks was reported for the prior week, August prices dipped below the $6.00/MMBtu threshold.

With prices easing and additional supply now available in Texas, Mexico imports of natural gas have been robust. Het Shah of Analytix.ai said 7.1 Bcf of gas was reportedly flowing into Mexico on Wednesday. According to BTU Analytics, so far in 2022, Texas has been...