Natgas companies gain on rising LNG, power demand forecasts
Shares of U.S. natural gas companies up, tracking a rise in natgas futures NGA/
U.S. natgas futures NGc1 up 2.4% at $3.83 per million British thermal units, putting the contract on track for its highest close since May 9
Natural gas prices edge up on expectations that the demand for the fuel will soar in July as flows to both liquefied natural gas export plants and power generators increase
The weather is forecast to remain hotter than normal through early July, which should boost the amount of gas electric generators burn to keep air conditioners humming
Shares of natgas companies: Cheniere Energy LNG.N up 1.4%, EQT Corp EQT.N rises ~1%, Energy Transfer ET.N and Williams Companies WMB.N both gain marginally
NextDecade NEXT.O and Sempra SRE.N each up marginally
ETFs — United States Natural Gas Fund UNG.P and ProShares Ultra Bloomberg Natural Gas BOIL.P up 2.6% and 4.7%, respectively
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