-
European Gas Prices Soar on Australia LNG Workers’ Ultimatum
European natural gas prices jumped as workers serving a key export project in Australia prepare for a strike if no deal is reached in pay talks on Wednesday. Benchmark Dutch front-month gas soared as much as 18%, with traders bracing for more turmoil as the labor negotiations drag on. The industrial action could start as early as Sept. 2 if Woodside Energy Group Ltd., the operator of the plant, doesn’t offer a suitable agreement, unions said over the weekend. That’s in addition to Chevron Corp.’s plants, where workers started voting on potential strikes last week. The possibility of supply disruptions in ... (full story)