BUZZ-Natgas companies gain on smaller-than-expected storage build

Reuters
Aug 29
BUZZ-Natgas companies gain on smaller-than-expected storage build

** Shares of U.S. natural gas companies gain, tracking rise in natgas futures NGA/

** U.S. natgas futures NGc1 up 3.2% at $2.94 per million British thermal unit after U.S. Energy Information Administration $(EIA)$ reports smaller-than-expected storage build

** Shares of natgas companies EQT Corp EQT.N up 2.3%, Energy Transfer ET.N and Williams Companies WMB.N each rise marginally

** NextDecade NEXT.O and Cheniere Energy LNG.N each up marginally

** ETFs — United States Natural Gas Fund UNG.P up 2.6% and ProShares Ultra Bloomberg Natural Gas BOIL.P gains 3.9%

(Reporting by Pooja Menon in Bengaluru)

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

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