A relief in Permian Basin pipeline bottlenecks has pushed Waha spot prices above $2.00/MMBtu, changing the market dynamics for buyers south of the border. ExpandAt a Glance:Waha prices climb above $2Pipeline relief narrows regional spreadsExports to Mexico remain resilientFor the past few years, Mexico natural gas users with access to output from the Permian Basin of West Texas have benefitted from low, if not negative, natural gas prices. More pipelines evacuating Waha gas are set to come online, which could actually depress prices in places like Agua Dulce as a glut of gas floods South Texas. NGI’s Forward Look data shows basis prices at Waha were minus 90.0 cents for August as of Wednesday trading. Mexico imports of US gas meanwhile have continued to be strong.