BUZZ-Natgas stocks fall on big US storage build, lower demand

Reuters04-12

** Shares of natural gas companies fall, tracking declining natgas futures

** U.S. natural gas futures ease ~5.3%, following a bigger-than-expected storage build; Energy Information Administration says utilities added 24 billion cubic feet of gas storage in the week ended April 5

** Prices also weighed down by forecasts for lower demand over the next two weeks than previously expected, due to a drop in feedgas to the Freeport LNG export plant in Texas

** Producers CNX Resources , Chesapeake Energy

and EQT Corp fall between 1.5% and 2.5%

** Shares of Williams , Sempra and Tellurian

drop between 1.3% and 3.5%

** ETFs United States Natural Gas Fund and ProShares Ultra Bloomberg Natural Gas lose 4.6% and 4.4%, respectively

(Reporting by Vallari Srivastava in Bengaluru)

((Srivastava.Vallari@thomsonreuters.com;))

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