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Australia lng strikes would need to last over a month to spike prices, analysts say
Threatened strikes by workers at Australian liquefied natural gas (LNG) providers would need to last more than a month to significantly push up global prices, analysts said this week. The Woodside Energy and Chevron operations supply about 10% of global LNG output and worries of a walkout have lifted prices of European gas benchmark TTF forward curve 5%-7% higher over the September-to-April period than just before the news of a potential strike. The three Australian plants facing possible strikes risk losing 4 to 5 billion cubic meters of production per month if they go offline, according to Columbia's Center on ... (full story)