Natgas companies rise on Canada tariffs worries, record LNG flows

Shares of U.S. natural gas companies rise, tracking natgas futures NGA/

U.S. natgas futures NGc1 up 2.2%, at $4.44 per million British thermal units (mmBtu), their highest close since December 2022 for a second consecutive day in a row

Natural gas prices rise on record flows to liquefied natural gas export (LNG) plants and forecasts for higher demand this week than previously expected

Traders said prices also gained support on worries that gas exports from Canada to the United States could decline due to U.S. President Donald Trump's tariffs on Canada and Mexico that took effect on Tuesday

U.S. gas prices were also gaining some support on worries that Canada could cut exports of electricity to the country

Natgas firms New Fortress Energy NFE.O up 7.8% and Sempra SRE.N rises 1.2%

ETFs - United States Natural Gas Fund UNG.P up 6.5% and ProShares Ultra Bloomberg Natural Gas BOIL.P rises 12.7%