https://sputnikglobe.com/20230908/gas-futures-in-europe-up-by-86-nearing-400-per-1000-cubic-meters-1113195152.html

Gas Futures in Europe Up by 8.6%, Nearing $400 Per 1,000 Cubic Meters

Gas Futures in Europe Up by 8.6%, Nearing $400 Per 1,000 Cubic Meters

Sputnik International

Gas futures in Europe increased by 8.6%, approaching $400 per 1,000 cubic meters after media reports about the start of strikes at Chevron's LNG plants in Australia, according to data from the London-based ICE exchange on Friday.

2023-09-08T06:52+0000

2023-09-08T06:52+0000

2023-09-08T08:00+0000

energy crisis in europe

chevron

liquefied natural gas (lng)

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October futures on the TTF index — Europe's largest hub — opened at $393.6 per 1,000 cubic meters (+8.6%). As of 06:10 GMT, they were trading at $389.4 (+7.4%). On Thursday, Chevron told Sputnik that strikes will begin on September 8 at 05:00 GMT. British media, in turn, reported, citing a company representatives, that negotiations between Chevron and Australian LNG unions ended without agreement, adding that strikes will start as scheduled.The strike is occurring at the Chevron-operated Gorgon and Wheatstone liquefied natural gas facilities, which contributed roughly 7% to global LNG supplies last year. The Offshore Alliance, the union behind the industrial action, alleges that Chevron would ultimately agree to raise wages – but only after suffering billions of dollars in revenue losses.

https://sputnikglobe.com/20230904/eu-to-face-electricity-shortage-in-winter-1113116545.html

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energy crisis in europe, chevron, lng, gas price europe