<SEC-DOCUMENT>0001171200-22-000077.txt : 20220309
<SEC-HEADER>0001171200-22-000077.hdr.sgml : 20220309
<ACCEPTANCE-DATETIME>20220309171839
ACCESSION NUMBER:		0001171200-22-000077
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220309
DATE AS OF CHANGE:		20220309

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			United States Natural Gas Fund, LP
		CENTRAL INDEX KEY:			0001376227
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6221]
		IRS NUMBER:				205576760
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-230255
		FILM NUMBER:		22726314

	BUSINESS ADDRESS:	
		STREET 1:		1850 MT. DIABLO BLVD.
		STREET 2:		SUITE 640
		CITY:			WALNUT CREEK
		STATE:			CA
		ZIP:			94596
		BUSINESS PHONE:		510-522-9600

	MAIL ADDRESS:	
		STREET 1:		1850 MT. DIABLO BLVD.
		STREET 2:		SUITE 640
		CITY:			WALNUT CREEK
		STATE:			CA
		ZIP:			94596

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	United States Gas Fund LP
		DATE OF NAME CHANGE:	20060922
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<TYPE>424B3
<SEQUENCE>1
<FILENAME>i22140_ung-424b3.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; background-color: white"><B>Filed pursuant to Rule 424(b)(3)<BR>
File No. 333-230255</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES NATURAL GAS FUND, LP</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Supplement dated March 9, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">to<BR>
Prospectus dated April 28, 2021</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This supplement contains information that amends, supplements or modifies
certain information contained in the prospectus of United States Natural Gas Fund, LP (&ldquo;UNG&rdquo;) dated April 28, 2021 (the &ldquo;Prospectus&rdquo;).</P>

<P STYLE="text-indent: 0.5in; font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">You should carefully read the Prospectus and this supplement before investing.
This supplement should be read in conjunction with the Prospectus. <I>You should also carefully consider the &ldquo;Risk Factors&rdquo;
beginning on page 4 of the Prospectus before you decide to invest.</I></P>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">The following risk factor
is added on page 5 of the Prospectus, immediately following the risk factor &ldquo;Price Volatility May Possibly Cause the Total Loss
of Your Investment.&rdquo;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><B><I>Russia&rsquo;s invasion
of Ukraine, and sanctions brought by the United States and other countries against Russia, have caused disruptions in many business sectors
and have resulted in significant market disruptions and increased volatility in the price of certain commodities, including oil and natural
gas.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">On February 24, 2022, Russia
launched a large-scale invasion of Ukraine. The extent and duration of the military action, resulting sanctions and future market disruptions
in the region are impossible to predict, but could be significant and may have a severe adverse effect on the region. Among other things,
the conflict has resulted in increased volatility in the markets for certain securities and commodities, including oil and natural gas,
and other sectors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">The United States and other
countries and certain international organizations have imposed broad-ranging economic sanctions on Russia and certain Russian individuals,
banking entities and corporations as a response to Russia&rsquo;s invasion of Ukraine.&nbsp; On March 8, 2022, the United States announced
that it would ban imports of oil, natural gas and coal from Russia. The impact of this announcement on commodities and futures prices
is difficult to predict and depends on a number of factors, including whether other countries act in the same manner, but such impact
could be significant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; background-color: white">Actual and threatened responses
to Russia&rsquo;s invasion, as well as a rapid peaceful resolution to the conflict, may also impact the markets for certain commodities,
such as oil and natural gas, and may have collateral impacts, including increased volatility, and cause disruptions to availability of
certain commodities, commodity and futures prices and the supply chain globally. At this time, the situation is rapidly evolving and may
evolve in a way that could have a negative impact on the fund in the future.</P>

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