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BUZZ-US natgas firms fall on lower LNG feedgas, tariff delays

ReutersFeb 4, 2025 3:16 PM

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

U.S. natgas futures NGc1 fall 4.5% to $3.20 per million British thermal units (mmBtu), after less gas flows to the nation's liquefied natural gas (LNG) export plants and after President Donald Trump suspended steep tariffs on Mexico and Canada

Tariff suspension reduced futures prices as roughly 9% of the gas consumed in the U.S comes from Canada, and higher tariffs would have boosted the cost of that fuel

Natgas firms NextDecade NEXT.O down 1.2%, Cheniere Energy LNG.N down 1% and New Fortress Energy NFE.O down 1.8%

ETFs United States Natural Gas Fund UNG.P down 4.2% and ProShares Ultra Bloomberg Natural Gas BOIL.P down 8.5%

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