BUZZ-Natgas companies fall on big storage build, lower flows to LNG export plants

Reuters2025-05-23
BUZZ-Natgas companies fall on big storage build, lower flows to LNG export plants

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

** U.S. natgas futures NGc1 down 2.9% at $3.27 per million British thermal units

** Natural gas prices slid over 2% on a bigger-than-expected storage build, a smaller-than-expected decline in output in recent days and a decline in gas flows to liquefied natural gas $(LNG)$ export plants this month

** U.S. Energy Information Administration $(EIA)$ said energy firms added 120 billion cubic feet (bcf) of gas into storage during the week ended May 16 vs est of 115 bcf

** Shares of natgas companies CNX Resources CNX.N and Cheniere Energy LNG.N down 2.2% and ~1%, respectively

** ETFs — United States Natural Gas Fund UNG.P and ProShares Ultra Bloomberg Natural Gas BOIL.P fall 2% and 3.8%, respectively

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment