Natural gas prices are soaring – again.

All after Russia said it would cut natural gas shipments, drought conditions in the U.S., and a heat wave that’s forcing millions to turn up their air conditioners.

For one, as noted by Barron’s, “Russian company Gazprom said on Monday that it will cut natural gas shipments from the key Nord Stream pipeline to Germany starting this week. The pipeline’s exports will be cut to 20% of capacity, down from 40%, because of a sanctions-related issue with turbines serving the pipeline.”

Two, as noted by The Wall Street Journal, “Natural-gas futures have jumped 48% this month – including 10% on Wednesday – to $8.007 per million British thermal units. That is still more than $1 off the 14-year high hit just before a Texas natural-gas export facility caught fire in early June and sent prices tumbling along with the outlook for exports. Yet the power-plant and manufacturing fuel has bounced back to more than twice the price of a year ago, adding cost pressure across the economy.”

That could create big opportunity for natural gas stocks in the U.S.