US natgas companies fall on oversupply concerns

New Fortress Energy

02/12/2025 19:30

** Shares of U.S. natural gas companies down, tracking a fall in natgas futures NGA/

** U.S. natural gas futures NGc1 down 2.1% at $4.8 per million British thermal unit

** Natural gas prices slip as supply concerns pressured the market, overshadowing earlier gains from forecasts for colder weather and stronger demand

** Prices dipped due to record output, ample amounts of gas in storage and lower gas prices around the world due mostly to the Ukraine peace talks

** Shares of natgas companies: New Fortress Energy NFE.O down 6.1%, Venture Global VG.N fall 1.9%, EQT Corp EQT.N slips 2.3% and Expand Energy EXE.O slips 2%

** ETF United States Natural Gas Fund UNG.P down 1.7% and ProShares Ultra Bloomberg Natural Gas BOIL.P slips 3.6%

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))