BUZZ-Natgas firms rise on colder weather forecasts, rising LNG feedgas

Reuters
2024/11/26

** Shares of natural gas companies rise, as natgas futures jumped about 9% to a one-year high

** U.S. natgas prices up 9% at $3.41 per mln British thermal units (mmBtu), putting the contract on track for its highest close since November, 2023

** Natgas prices rose on forecasts for colder weather, rising gas flows to U.S. liquefied natural gas export plants and soaring global gas prices

** LNG producers - CNX Resources up 1.5% and EQT Corporation rises 2.2%

** ETFs - United States Natural Gas Fund up 6.2% and ProShares Ultra Bloomberg Natural Gas rises 12.5%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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