Gas prices jump as LNG workers begin long-awaited strikes

The start of the industrial action marks the culmination of weeks-long discussions that have kept markets on edge.

Benchmark gas futures in Europe jumped as much as 13% on the news, which highlights the region’s vulnerability after last year’s energy crisis. Pic: Jasper Juinen/Bloomberg

Liquefied natural gas workers at key Chevron sites in Australia began partial strikes on Friday after talks failed to reach an agreement in a dispute that’s roiled global gas markets.

Benchmark gas futures in Europe jumped as much as 13% on the news, which highlights the region’s vulnerability after last year’s energy crisis.