BUZZ-US natgas pipeline firms rise on Trump's second term

reuters11-07
BUZZ-US natgas pipeline firms rise on Trump's second term

** Shares of U.S. natgas pipeline firms rise on news of Donald Trump's reelection as the U.S. president

** Pipeline firms such as Kinder Morgan KMI.N up 6.3%, Targa Resources TRGP.N gains 6.3%; Williams Co WMB.N and New Fortress Energy NFE.O rise 4% each

** Trump could expand U.S. dominance in fossil fuel production in a second term by rolling back Biden's climate initiatives

** He has said he would lift the freeze on new liquefied natural gas $(LNG)$ export permits

** In the broader natgas market, front-month futures NGc1 rose 1.6% on daily output falling due to pipeline issues and the evacuation of some oil and gas platforms in the Gulf of Mexico ahead of Hurricane Rafael NGA/

** Expand Energy EXE.O, biggest U.S. natgas co, up 5%; EQT up ~8.7%

** Other natgas companies up between 2.1% and 5.6%

(Reporting by Seher Dareen in Bengaluru)

((Seher.Dareen@thomsonreuters.com; If in India call +91 74832 70128;))

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