Natgas companies gain on record LNG exports, supply concerns

Shares of U.S. natural gas companies rise, as natgas prices hit their highest level in more than two years NGA/

U.S. natgas futures NGc1 up 2.1%, at $4.49 per million British thermal units (mmBtu), after hitting their highest level since December of 2022 earlier in the session

Natural gas prices were supported by record flows to liquefied natural gas (LNG) export facilities and supply concerns ahead of the summer season

Natgas firms CNX Resources CNX.N and EQT Corp EQT.N up 1.8% and 1%, respectively

ETFs - United States Natural Gas Fund UNG.P up 2.6% and ProShares Ultra Bloomberg Natural Gas BOIL.P rises 5%