North American natural gas prices got short-lived support through a Canadian maintenance event on Tuesday but overall continued to languish at well below $2.000/MMbtu.

On Wednesday, the May New York Mercantile Exchange natural gas contract slipped 2.0 cents day/day to settle at $1.712. NGI’s U.S. Spot Gas National Avg. rose 12.5 cents to $1.165. 

TC Energy Corp. on Tuesday said that a rupture occurred on part of its NGTL system in Western Canada, briefly boosting natural gas prices.

LNG demand has remained well below par recently, and was at around 10.3 Bcf/d Wednesday. Meanwhile, warm April weather has done little to spur natural gas demand.

The market now turns to summer and cooling demand. “It will then be up to hotter than normal mid- and late May temperatures if...