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BUZZ-Natgas firms fall on less colder weather forecasts

ReutersDec 26, 2024 6:29 PM

** Shares of natural gas companies down as natgas futures fell more than 5% from a near two-year high in holiday-thinned trade NGA/

** U.S. natgas prices NGc1 down 5.2% at $3.75 per mln British thermal units (mmBtu) as forecasts for less cold conditions in the short term overshadowed support from a rise in the amount of gas flowing to liquefied natural gas (LNG) export plants

** LNG firms Williams Companies WMB.N down 1.6%, Energy Transfer ET.N falls 1.5% and New Fortress Energy NFE.O down 2.6%

** ETFs United States Natural Gas Fund UNG.P down 3.1% and ProShares Ultra Bloomberg Natural Gas BOIL.P falls 5%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com))

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