Global natural gas prices continued to climb on Monday amid hotter weather, supply constraints and increasing competition among buyers. 

The prompt Dutch Title Transfer Facility gained 4% Monday to finish just above $10/MMBtu. The contract increased by 9% last week, when the Japan-Korea Marker also climbed by 3%.

Extreme heat has gripped South and Southeast Asia in recent weeks, which has boosted spot demand and intensified competition for cargoes during the restocking season. 

[Want to visualize Henry Hub, Houston Ship Channel and Chicago Citygate prices? Check out NGI’s daily natural gas price snapshot now.]

Bangladesh, Thailand and Vietnam closed tenders over the last week for seven cargoes combined for delivery between this month and July, according to Kpler data....