Natgas firms up on rising demand for LNG feedgas

Tellurian

06/05/2024 17:23

** Shares of natural gas companies rise, as natgas futures
 NGc1  advance 4%
    ** U.S. natural gas futures gained about 4% to a 14-week
high on forecasts for higher demand over the next two weeks than
previously expected as feedgas to liquefied natural gas export
plants increased with the return of Freeport LNG in Texas NGA/ 
    ** Producers CNX Resources  CNX.N  and EQT  EQT.N  up 3% and
1.9%, respectively
    ** LNG firm Tellurian  TELL.A  rise 2.2% 
    ** ETFs United States Natural Gas Fund  UNG.P  and ProShares
Ultra Bloomberg Natural Gas  BOIL.P  up 4.2% and 6.5%,
respectively

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