BUZZ-Natgas producers up on colder weather forecasts, rising LNG feedgas

Reuters12-11
BUZZ-Natgas producers up on colder weather forecasts, rising LNG feedgas

** Shares of natural gas companies rise, as natgas futures climb about 4% to a one-week high NGA/

** U.S. natgas prices NGc1 up 5.2% at $3.33 per mln British thermal units (mmBtu), putting the contract on track for its highest close since Nov. 29

** Natgas prices rose on forecasts for colder weather and higher heating demand than previously expected and an increase in the amount of gas flowing to liquefied natural gas $(LNG)$ export plants

** LNG firms - CNX Resources CNX.N up 1.3%, EQT Corp EQT.N rises 2.1%, Williams Companies WMB.N up 1.4%, New Fortress Energy NFE.O rises 2% and Energy Transfer ET.N up 1.4%

** ETFs - United States Natural Gas Fund UNG.P up 4.3% and ProShares Ultra Bloomberg Natural Gas BOIL.P rises 6.6%

(Reporting by Pooja Menon in Bengaluru)

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

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