Natgas firms rise on colder forecast, output drop

Tellurian

19/04/2024 16:39

April 19 (Reuters) -    ** Shares of Natgas cos up as
natgas futures  NGc1  gain 2.2% to $1.795/million British
thermal units
    ** Natgas prices rise on cooler weather forecast and higher
than expected demand next week as well as continued drop in
output and rising gas flows to liquefied natural gas (LNG)
export plants  NGA/ 
    ** LNG producers CNX Resources  CNX.N , EQT  EQT.N  and
Chesapeake Energy  CHK.O  up between 0.6% and 1.5%
    ** LNG firms New Fortress Energy Inc  NFE.O , Sempra  SRE.N 
and Cheniere Energy  LNG.A  rise between 0.5% and 1.6%
    ** Tellurian  TELL.A  up 7%
    ** ETFs United States Natural Gas Fund  UNG.P  gains 1% and
ProShares Ultra Bloomberg Natural Gas  BOIL.P  up 1.6%


 (Reporting by Kabir Dweit)
 ((Kabir.Dweit@thomsonreuters.com;))