BUZZ-Natgas companies fall on big storage build, lower demand

Reuters
16 May
BUZZ-Natgas companies fall on big storage build, lower demand

** Shares of U.S. natural gas companies down, tracking fall in natgas futures NGA/

** U.S. natgas futures NGc1 down 1.9% at $3.42 per million British thermal units, putting the contract on track for its lowest close since April 30

** Natural gas prices slid about 2% to a two-week low on a bigger-than-usual weekly storage build and forecasts for less demand next week than previously expected

** Shares of natgas companies: Energy Transfer ET.N down 1.1% and NextDecade Corp falls 3.9%

** ETFs — United States Natural Gas Fund UNG.P and ProShares Ultra Bloomberg Natural Gas BOIL.P fall 1.2% and 1.4%, respectively

(Reporting by Pooja Menon in Bengaluru)

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

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