Natgas firms fall on forecasts for less heating demand

Tellurian

24/04/2024 16:42

** Shares of natural gas companies fall, as natgas futures
 NGc1  drop 5.5%
    ** U.S. natural gas futures fall on an outlook for reduced
heating demand next week and on the eve of closely-watched
weekly federal storage report NGA/ 
    ** LNG firms New Fortress Energy Inc  NFE.O  and Tellurian
 TELL.A  fall 1.1% and 1.8%, respectively
    ** Cheniere Energy  LNG.N  and NextDecade  NEXT.O  down 1.9%
and 1.8%, respectively
    ** ETFs United States Natural Gas Fund  UNG.P  and ProShares
Ultra Bloomberg Natural Gas  BOIL.P  down 5.4% and 7.3%,
respectively

 (Reporting by Roshia Sabu in Bengaluru)
 ((Roshia.Sabu@thomsonreuters.com))