BUZZ-Natgas companies gain on lower output, higher demand

Reuters05-03
BUZZ-Natgas companies gain on lower output, higher demand

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

** U.S. natgas futures NGc1 up 3.3% at $3.60 per million British thermal units, putting the contract on track for its highest close since April 10

** Natural gas prices climb more than 2% to a three-week high on a drop in output in recent days and forecasts for more demand this week than previously expected

** Shares of natgas companies: CNX Resources CNX.N up 1.8%, EQT Corp EQT.N rises 2.5%, Cheniere Energy LNG.N up 2.1%, Energy Transfer ET.N rises 1.4%, and Williams Companies WMB.N up 1.5%

** NextDecade NEXT.O up 3.9% and New Fortress Energy NFE.O rises 9.1%

** ETFs — United States Natural Gas Fund UNG.P and ProShares Ultra Bloomberg Natural Gas BOIL.P rise 3.9% and 7.1%, respectively

(Reporting by Pooja Menon in Bengaluru)

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

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