Fears of gas strikes in Australia trigger price surge in Europe

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Fears of gas strikes in Australia trigger price surge in Europe
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If workers down tools at three West Australian plants, 10 per cent of global LNG supplies would be impacted.

Benchmark wholesale gas prices for the European Union and UK rose about 10 per cent on Monday, Bloomberg reports.

There are concerns that industrial action at Woodside Energy Group's North West Shelf facility would disrupt LNG exports from Australia. World gas prices jumped after Russia invaded Ukraine in February 2022 and the Kremlin cut supplies to Europe.

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