Natural gas futures gave up ground Monday as worries mounted about declining international demand and lower feed gas flows to U.S. liquefied natural gas (LNG) export facilities. The July Nymex contract settled at $1.774/MMBtu, down 7.5 cents day/day. August fell 6.9 cents to $1.871.

Spot gas prices declined in a majority of regions, but NGI’s Spot Gas National Avg. ticked up a half-cent to $1.500.

Genscape Inc. on Monday estimated a 1.76 Bcf/d day/day decline in LNG feed gas volumes and cited the drop as the impetus that drove prices lower early Monday and prevented any late recovery.

“These precipitous declines come after an end-of-the-month head-fake as LNG feed gas deliveries rebounded sharply” off May 24 lows of 5.32 Bcf/d to weekly highs of slightly above 6.2 Bcf/d last...