This week was yet another reminder of the interconnectedness of energy markets as soaring temperatures in disparate parts of the Pacific Northwest in the United States and tight market conditions drove natural gas prices for Mexican end-users higher.

Nymex futures rose for eight straight trading days through Thursday, with the August futures contract settling 1.1 cents higher day/day at $3.661 and September edging up eight-tenths of a cent to $3.632.

NGI’s July Bidweek National Avg. also rose a whopping 72.5 cents month/month to $3.550/MMBtu. This is in comparison with last July’s pandemic-impacted Bidweek National Avg. of only $1.450.

With summer in full swing in Mexico, imports from the United States remain strong and were 6.44 Bcf on Thursday, according to NGI...