BUZZ-Natgas companies fall on rising output

Reuters05-19
BUZZ-Natgas companies fall on rising output

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

** U.S. natgas futures NGc1 down 5.1% at $3.16 per million British thermal units, putting the contract on track for its lowest close since April 25

** Natural gas prices slid around 5% to a three-week low on a small increase in output over the last few days even though pipeline maintenance curtailed some gas flows from the Permian basin in West Texas

** Shares of natgas companies: NextDecade Corp NEXT.O down 1.1%, Cheniere Energy LNG.N falls ~1% and CNX Resources CNX.N dips 2%

** ETFs — United States Natural Gas Fund UNG.P and ProShares Ultra Bloomberg Natural Gas BOIL.P fall 4.6% and 9.1%, respectively

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))

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