BUZZ-Natgas companies rise on small storage build, higher gas flows to LNG export plants
Reuters
Aug 22
BUZZ-Natgas companies rise on small storage build, higher gas flows to LNG export plants
** Shares of natural gas companies rise, tracking rise in natgas prices NGA/
** U.S. natgas futures NGc1 climb 1.7% to $2.79 per million British thermal units
** Natural gas prices are up due to a smaller-than-expected storage build, recent declines in daily output and increased gas flows to liquefied natural gas $(LNG)$ export plants
** Shares of natgas companies: CNX Resources CNX.N up marginally, Energy Transfer up 1.4%, Cheniere Energy LNG.N up 2.7% and EQT Corp EQT.N up 1.1%
** ETFs: United States Natural Gas Fund UNG.P up 2%, while ProShares Ultra Bloomberg Natural Gas BOIL.P is up marginally
(Reporting by Pranav Mathur in Bengaluru)
((Pranav.Mathur@thomsonreuters.com;))
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