Gas prices rise on fears of strikes in Australia

2023-08-21 20:48

Benchmark gas prices for the EU and UK rose around 10% on Monday, according to Bloomberg.

The prospect of a possible strike at a liquefied natural gas (LNG) plant in Australia has pushed wholesale gas prices up in Europe.

The Offshore Alliance union warned that a strike at the North West Shelf facility could start as early as 2 September if no deal on pay is reached.

Benchmark...