Natgas stocks rise ahead of weekly storage report; natgas futures fall

Tellurian

21/03/2024 14:23

** Shares of natural gas companies rise ahead of weekly
natgas storage report, while natgas futures  NGc1  fall 
    ** U.S. natural gas futures eased about 1% on forecasts for
less demand over the next two weeks than previously expected and
expectations of lower gas flows due to ongoing outages at
Freeport LNG in Texas  NGA/ 
    ** Freeport LNG said on Wednesday it anticipates two of the
three liquefaction trains at its Texas export plant will remain
out of service for testing and repairs through May
    ** Producers CNX Resources  CNX.N  and EQT  EQT.N  up 0.7%
and 1.2%, respectively
    ** Natgas pipelines company Williams  WMB  up 1.4%,
Tellurian  TELL.N  up 3.2%
    ** ETFs United States Natural Gas Fund  UNG.P  and ProShares
Ultra Bloomberg Natural Gas  BOIL.P , however, down 1.7% and
3.4%, respectively

 (Reporting by Seher Dareen in Bengaluru)
 ((Seher.Dareen@thomsonreuters.com;))