North American natural gas prices charged ahead this week amid worries over longer term supplies. In Mexico, meanwhile, natural gas demand is growing despite the higher prices.

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On Wednesday, the June New York Mercantile Exchange gas futures contract jumped 46.1 cents day/day and settled at $8.415/MMBtu. July rose 44.7 cents to $8.472.

“U.S. production underwhelming, tight U.S. supplies, and hot conditions across Texas and surrounding states this weekend into early next week are viewed as the primary drivers of spiking natural gas prices this week,” NatGasWeather said.

Mexico, meanwhile, continues to ramp up imports of natural gas as power demand rises with the hotter weather. 

“Mexico’s gas burns for power generation are starting strong in May,” Wood Mackenzie...