** Shares of natural gas companies fall as natgas futures drop about 7% to two-week low

** U.S. natgas prices down 7.7% at $3.38 per mln British thermal units (mmBtu), on a smaller-than-expected weekly storage draw and forecasts for milder weather in mid-January than previously expected

** LNG firms - NextDecade down 1.1% and New Fortress Energy falls 2.8%

** ETFs United States Natural Gas Fund down 7.8% and ProShares Ultra Bloomberg Natural Gas falls 11%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))