<SEC-DOCUMENT>0001171200-22-000190.txt : 20220408
<SEC-HEADER>0001171200-22-000190.hdr.sgml : 20220408
<ACCEPTANCE-DATETIME>20220408163650
ACCESSION NUMBER:		0001171200-22-000190
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220408
DATE AS OF CHANGE:		20220408

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:		22817531

	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
</SEC-HEADER>
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<TYPE>424B3
<SEQUENCE>1
<FILENAME>i22248_ung-424b3.htm
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<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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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>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 April 8, 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 which amends, supplements or modifies
certain information contained in the prospectus of United States Natural Gas Fund, LP dated April 28, 2021 (the &ldquo;Prospectus&rdquo;).
Please read it and keep it with your Prospectus for future reference.</P>

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<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">You should carefully consider the &ldquo;Risk Factors&rdquo; beginning
on page 4 of the Prospectus before you decide to invest.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The following is added to
the subsection of the Prospectus titled &ldquo;Legal Matters&mdash;Litigation and Claims&rdquo; found on page 45 of the Prospectus, immediately
before the subheading &ldquo;Settlement of SEC and CFTC Investigations&rdquo;.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; background-color: white"><I>Optimum Strategies
Action</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; background-color: white">On April 6, 2022,
USO and USCF were named as defendants in a putative class action filed by Optimum Strategies Fund I, LP, a purported investor in call
option contracts on USO (the &ldquo;Optimum Strategies Action&rdquo;). The action is pending in the U.S. District Court for the District
of Connecticut at Civil Action No. 3:22-cv-00511.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; background-color: white">The Optimum Strategies
Action asserts claims under the Securities Exchange Act of 1934, as amended (the &ldquo;1934 Act&rdquo;), Rule 10b-5 thereunder, and the
Connecticut Uniform Securities Act. It purports to challenge statements in registration statements that became effective in February 2020,
March 2020, and on April 20, 2020, as well as public statements between February 2020 and May 2020, in connection with certain extraordinary
market conditions and the attendant risks that caused the demand for oil to fall precipitously, including the COVID-19 global pandemic
and the Saudi Arabia-Russia oil price war. The complaint seeks damages, interest, costs, attorney&rsquo;s fees, and equitable relief.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; background-color: white">USCF and USO intend
to vigorously contest such claims.</P>

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