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

TOPICS:
natural gasNatural gas pipeline in USA. Group Bilfinger.

Posted By: The Corner 17th August 2023

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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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.