European Natural Gas Prices Fall as Market Eyes Woodside Labor Talks - The Wall Street Journal
European Natural Gas Prices Fall as Market Eyes Woodside Labor Talks - WSJ
Aug. 23, 2023 4:51 am ET
0849 GMT – Natural gas prices edge lower as the market awaits news from a round of talks aimed at avoiding a strike at a key Australian LNG export facility. European benchmark futures weaken 1.2% to EUR42.40 a megawatt hour following a 5% jump in the previous session. Talks between unions and managers over pay and conditions at Australia’s largest LNG facility operated by Woodside Energy were expected Wednesday. Workers had said Wednesday would be a deadline to reach a deal before turning to strike action. Workers at two other LNG facilities are similarly considering striking, raising fears that a key supply of gas globally could suddenly be turned off. ( william.horner@wsj.com)
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