Mexico natural gas buyers have been pleasantly surprised so far this winter as natural gas futures prices continue to be lower than once expected.

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Amid warming weather across the United States, natural gas prices for February and March this week slumped to below $4.00/MMBtu. The February New York Mercantile Exchange gas futures contract settled at $3.720 on Thursday, down 45.2 cents day/day. March fell 35.4 cents to $3.426.

NGI’s Spot Gas National Avg. for the United States declined 41.5 cents to $5.380.

So far this year, futures prices have advanced on only one trading day, Wednesday (Jan. 4). Warmer-than-normal weather across the United States, subdued LNG sendout in part because of the 2.6 Bcf/d Freeport facility shutdown and subsequent delay in a restart, and healthy...