Natgas firms fall as lower demand forecast weighs on prices

Tellurian

16/04/2024 17:54

** Shares of natural gas companies fall, tracking natgas
futures  NGA/ 
    ** U.S. natural gas futures  NGc1  decline 1.7%, weighed
down by forecasts for limited feed gas demand and milder weather
    ** Producers CNX Resources  CNX.N , Chesapeake Energy
 CHK.O  and EQT Corp  EQT.N  fall between 1.2% and 2.3%
    ** Shares of Cheniere Energy  LNG.N , Williams Companies
 WMB.N , Energy Transfer  ET.N  and Tellurian  TELL.A  slip
between 0.6% and 5%
    ** New Fortress Energy  NFE.O  and Sempra  SRE.N  drop 0.8%
and 1.3%, respectively
    ** ETFs United States Natural Gas Fund  UNL.P  and ProShares
Ultra Bloomberg Natural Gas  BOIL.P  fall 1.3% and 0.6%,
respectively

 (Reporting by Vallari Srivastava in Bengaluru)
 ((Srivastava.Vallari@thomsonreuters.com;))