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BUZZ-Natgas producers jump on smaller-than-expected storage build

Reuters · 09/05 15:37

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BUZZ-Natgas producers jump on smaller-than-expected storage build

** Natural gas companies' shares rise, tracking futures

** U.S. prices NGC1 up 5.6% at $2.26 per mln British thermal units on smaller-than-expected storage build, rising gas flows to LNG export plants and a continued decline in output so far this month NGA/

** LNG producers NextDecade NEXT.O up 7.1%, Chesapeake CHK.O 1.6%, CNX Resources CNX.N 1.1%

** ETFs United States Natural Gas Fund UNG.P up 5.3% and ProShares Ultra Bloomberg Natural Gas BOIL.P rises 7.4%

(Reporting by Seher Dareen in Bengaluru)

((Seher.Dareen@thomsonreuters.com))

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