BUZZ-Natgas companies gain on hotter weather forecasts, rising LNG exports

Reuters07-14
BUZZ-Natgas companies gain on hotter weather forecasts, rising LNG exports

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

** U.S. natgas futures NGc1 up 3.0% at $3.414 per million British thermal units, putting the contract on track for its highest close since July 2

** Natural gas prices climbed about 3% to a one-week high on forecasts for hotter weather over the next two weeks than previously expected and rising flows of gas to liquefied natural gas $(LNG)$ export plants

** Shares of natgas companies: CNX Resources CNX.N up 1.8%, EQT Corp EQT.N rises 3.4% and Cheniere Energy LNG.N up 1.9%

** ETFs — United States Natural Gas Fund UNG.P and ProShares Ultra Bloomberg Natural Gas BOIL.P up 3.3% and 6.3%, respectively

(Reporting by Pooja Menon in Bengaluru)

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

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