May as the prompt month for New York Mercantile Exchange natural gas futures opened with a bang Wednesday, rising 27.5 cents day/day and settling at $5.605/MMBtu. June gained 27.7 cents to $5.658.
After slumping to start the week, natural gas futures regained momentum similar to last week’s as volatility remained the name of the game amid uncertainty over global natural gas supplies and Russia’s war on Ukraine.
Mexican imports of natural gas from the United States meanwhile were slightly down from last week. Mexico imported 5.28 Bcf of U.S. natural gas via pipeline on Thursday, and the 10-day average stood at 5.46 Bcf/d, according to NGI calculations.
Amid surging demand for North American natural gas in Europe, Mexico’s potential liquefied natural gas...