{"id":50951,"date":"2023-09-08T08:43:20","date_gmt":"2023-09-08T08:43:20","guid":{"rendered":"https:\/\/www.oneproglobal.asia\/?p=50951"},"modified":"2023-09-08T08:43:20","modified_gmt":"2023-09-08T08:43:20","slug":"because-of-the-australian-strike-european-gas-prices-have-risen-by-more-than-15","status":"publish","type":"post","link":"https:\/\/www.oneproglobal.asia\/because-of-the-australian-strike-european-gas-prices-have-risen-by-more-than-15\/","title":{"rendered":"Because of the Australian strike, European gas prices have risen by more than 15%."},"content":{"rendered":"

European natural gas futures rose as much as 8% to 35.5 euros today, with natural gas prices in Europe jumping by more than 10%, with the start of partial strikes at two Chevron facilities in Australia. They represent more than 5% of global supplies of liquefied natural gas, in addition to workers announcing the start of a strike from today, Friday. Meanwhile, demand in Europe remains weak, and fuel reserves are approximately 93% full, which represents the highest levels ever recorded. At this time of year. This exceeds the European Union’s target of achieving these storage levels by November 1.<\/p>\n

Australia represents the largest exporter of liquefied natural gas in the world, and Asia represents the main importer. In addition, China and Japan are the largest importers of Australian LNG, so demand for LNG in Asia is expected to increase as countries prepare for the peak winter season.<\/p>\n

The dispute regarding wages and working conditions has caused an increase in British and European gas prices. Traders are worried that the decrease in Australian gas supplies will heighten competition for other gas sources.<\/p>\n

The American energy company has stated that it will take the required actions to ensure uninterrupted operations but did not provide any specifics. However, the union cautioned that the liquefied natural gas plant might need to be shut down if there aren’t enough qualified workers available to carry out deliveries during the work stoppage.<\/p>\n

EU Natural Gas<\/span><\/h1>\n
$\"\"$ <\/p>\n
UK Natural Gas<\/span><\/h1>\n
$\"\"$ <\/p>\n
<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
European natural gas futures rose as much as 8% to 35.5 euros today, with natural gas prices in Europe jumping by more than 10%, with the start of partial strikes at two Chevron facilities in Australia. 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