US natgas stocks fall on record output and ample storage
BUZZ-US natgas stocks fall on record output and ample storage ** Shares of U.S. natural gas companies down, tracking a fall in natgas futures NGA/
** Front-month gas futures for August delivery NGc1 down 3.9% at $2.768 per million British thermal unit, on record output, lower flows to liquefied natural gas export plants, and ample amounts of gas in storage
** Natgas companies fall: CNX Resources CNX.N 1.3%, EQT Corp EQT.N 1.2%, Cheniere Energy LNG.N 3.2% and Energy Transfer ET.N 1.9%
** Williams Companies WMB.N down 3.4%, NextDecade NEXT.O dips 4.8% and Sempra SRE.N slips ~1%
** ETFs United States Natural Gas Fund UNG.P down 3.6%, and ProShares Ultra Bloomberg Natural Gas BOIL.P falls ~7%
(Reporting by Pooja Menon in Bengaluru)
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