United States 12 Month Natural Gas Fund reports $777.19mln income, $20.26 net asset value.

• United States 12 Month Natural Gas Fund, LP reports $777,194 income for Feb 2014. • Expenses total $18,935, netting a $758,259 net income. • Net Asset Value per share at end of Feb 2014 is $20.26. • 1.1 million shares were withdrawn during the month.

Natural gas is poised to play a significant role in the global energy transition, according to Shehriyar Antia, Head of Thematic Research at PGIM. In a recent interview with CNBC, Antia discussed the investment themes in PGIM's new Megatrends research, "Fueling the Future," highlighting the growth in renewables and opportunities in energy infrastructure. Antia emphasized that natural gas will have a central role in the energy transition due to its lower carbon emissions compared to coal and oil [1].

In British Columbia, Canada, the Prince Rupert Gas Transmission (PRGT) pipeline project has taken a step forward. The Environmental Assessment Office has ruled that the pipeline has been substantially started, clearing the way for further construction. The ruling by Alex MacLennan, the regulator’s chief executive assessment officer, allows the project to continue under its existing environmental assessment certificate [2]. The 750-kilometre pipeline is designed to supply the future Ksi Lisims LNG facility, which is undergoing an environmental review for exporting liquefied natural gas.

The United States 12 Month Natural Gas Fund, LP reported $777,194 in income for February 2014, with expenses totaling $18,935. This resulted in a net income of $758,259. The net asset value per share at the end of February 2014 was $20.26, and 1.1 million shares were withdrawn during the month [3].

These developments underscore the importance of natural gas in the energy sector and the regulatory framework supporting its infrastructure projects. As the energy transition progresses, natural gas is seen as a bridge fuel, helping to reduce emissions while maintaining energy security.

References:
[1] https://www.pgim.com/us/en/institutional/about-us/newsroom/in-the-news/natural-gas-will-have-huge-impact-energy-transition
[2] https://www.theglobeandmail.com/business/article-regulator-ruling-prince-rupert-gas-transmission-bc/
[3] https://fundresearch.fidelity.com/fund-screener/results/card/card/averageAnnualReturnsYear3/desc/1?fidelityFundOnly=F&indexFundOnly=Active&ntf=Y&order=fidelityFundOnly%2Cntf%2CindexFundOnly