Strike action in Australia may send Europe's gas prices higher

Outages at Woodside and Chevron sites could put as much as 10% of global LNG supply in jeopardy, according to Goldman Sachs Group

Outages could put as much as 10% of global LNG supply in jeopardy.

Workers at one of Australia’s key liquefied natural gas facilities will take strike action if they cannot reach an agreement with Woodside Energy Group by Wednesday, in the latest escalation over pay and conditions.

The threat of strikes in Australia has rocked the global gas market, sending prices higher in Europe and Asia over the last few weeks.