Australian strikes and competition from Asia make gas futures rally for second time in a week

natural gasNatural gas pipeline in USA. Group Bilfinger.

Norbolsa| The European natural gas futures market rallied for the second time in less than a week, with the market becoming increasingly stressed by the possibility of strikes in Australia at companies that operate almost 10% of global LNG. Although Europe is not a regular buyer of LNG, the shock comes from competition with Asia for supplies and with the winter season approaching.

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