Natgas firms rise on low storage build, rising demand

Tellurian

09/05/2024 16:36

** Shares of natural gas companies gain as natgas futures
 NGc1  climb 4.2%
    ** U.S. natural gas futures rise on smaller-than-expected
storage build, forecasts for more demand over next two weeks
than previously expected, and continued decline in output  NGA/ 
    ** Producers CNX Resources  CNX.N  and EQT  EQT.N  up 0.6%
and 0.7%, respectively
    ** LNG firms New Fortress Energy Inc  NFE.O  and Tellurian
 TELL.A  rise 4.2% and 4.4%, respectively
    ** ETFs United States Natural Gas Fund  UNG.P  and ProShares
Ultra Bloomberg Natural Gas  BOIL.P  up 4.6% and 5.2%,
respectively

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