After jumping on Monday, U.S. natural gas prices at locations key to Mexico came back to earth through Thursday on the back of weather-driven demand uncertainty.

Mexico imports

The Henry Hub June contract settled at $2.965/MMBtu on Wednesday, down 4.8 cents, while Agua Dulce stayed above the $3 mark but shed 5.8 cents to close at $3.067. Waha fell 4.8 cents to $2.800.

Natural gas imports from the United States are holding steady as Mexico enters its peak demand months. On Thursday, Mexico imported 6.43 Bcf from the United States, according to NGI calculations.

Import flows were highest on the Sur de Texas-Tuxpan marine pipeline, averaging over 900 MMcf/d over the past week.

New demand may open up soon as New Fortress Energy Inc. (NFE) sees the startup by the end of June of its liquefied...