BUZZ-Natgas firms fall on less colder weather forecasts

Reuters
2024-12-27

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

** U.S. natgas prices 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 down 1.6%, Energy Transfer falls 1.5% and New Fortress Energy down 2.6%

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

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com))

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