Global natural gas prices on Monday extended gains made last week as colder weather has settled in key markets across the world, driving demand for liquefied natural gas (LNG) exports. 

Henry Hub for January delivery continued to climb Monday on colder temperatures forecast for parts of the southern and eastern United States. U.S. natural gas futures rallied for three consecutive days last week, which was shortened by the Thanksgiving holiday. 

“LNG exports remain a supportive force in the market, with feed gas demand still hovering near all-time highs — scheduled flows today are estimated at 10.65 Bcf/d, just 1% below the all-time high” set on Nov. 13, said Schneider Electric analyst Christin Redmond on Monday. 

Natural gas prices in the UK and Northwest Europe are also...