By Scott DiSavino and Curtis Williams May 1 (Reuters) - The war with Iran has boosted prices of globally traded natural gas by throttling exports from the Gulf. In West Texas, gas is so abundant that some producers must pay to have it taken away.

The Iran war has pushed up global LNG prices by disrupting Gulf exports, while US gas prices have fallen amid oversupply and export bottlenecks. The split has created winners among LNG sellers and pressure on domestic gas producers.

U.S. natural gas prices rocketed Wednesday as forecasts for an Arctic blast capable of driving temperatures to near-century lows forced traders to aggressively reprice heating demand and the risk of supply disruptions in the coming days.

The latest Commodities and Futures news and analysis from the Wall Street Journal.