1511 ET - U.S. natural gas futures fall as production picks up while weather-driven demand remains weak and LNG feedgas flows slip. The signing of contracts by several Chinese companies to buy LNG from the United Arab Emirates is negative for U.S. gas, Gelber & Associates says in a note. "While China has halted U.S. LNG imports since March, this move signals China's intent to decrease long-term trade dependency on the U.S.," the firm says, while a bigger risk is that "China's increasing pressure and retaliatory rhetoric on other countries will push them towards buying Russian or UAE LNG." Nymex natural gas settles down 7.1% at $3.016/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
April 21, 2025 15:11 ET (19:11 GMT)
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