Natgas firms slip on lower demand view

Tellurian

15/04/2024 18:48

** Shares of natural gas companies fall, tracking declining
natgas futures  NGA/ 
    ** U.S. natural gas futures ease  NGc1  4.4% to a more than
two-week low, weighed down by lower demand forecasts for this
week than previously expected due primarily to a drop in feedgas
to the Freeport LNG export plant in Texas
    ** Producers Chesapeake Energy  CHK.O , EQT Corp  EQT.N  and
CNX Resources  CNX.N  down between 0.8% and 1%
    ** Shares of Cheniere Energy  LNG.N , Sempra  SRE.N  and New
Fortress Energy  NFE.O  fall between 0.7% and ~1%
    ** LNG developer Tellurian  TELL.A  falls as much as 9.6%
    ** ETFs United States Natural Gas Fund  UNL.P  and ProShares
Ultra Bloomberg Natural Gas  BOIL.P  fall 4.9% and 7.2%,
respectively

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