Gas Prices Jump as LNG Workers Begin Partial Strike

The video discusses the potential impact of strikes at two LNG facilities in Australia, which account for 7% of global LNG production. The strikes could disrupt the market, especially as demand rises in the Northern Hemisphere during winter. The market has reacted to the strong rhetoric from unions, and there is uncertainty about reaching an agreement. The strikes could last two weeks, affecting global supply and market dynamics.

What percentage of global LNG was accounted for by the two Australian facilities in 2022?

• 5%

• 7%

• 10%

• 12%

What was the initial market reaction to the news of the potential strike?

• LNG prices increased by 11%

• LNG prices increased by 20%

• LNG prices remained stable

• LNG prices dropped by 5%

What is the main reason for the market's adjustment to the strike threat?

• The union's strong rhetoric

• A decrease in global demand

• A new agreement was reached

• An increase in European stockpiles

When is the full walkout expected to start, and how long is it anticipated to last?

• September 14th, lasting two weeks

• October 14th, lasting two weeks

• October 1st, lasting one week

• September 1st, lasting three weeks

Why might the strike have a significant impact during the winter months?

• Increased demand in the Southern Hemisphere

• Full European stockpiles

• Rising demand in the Northern Hemisphere

• Decreased global LNG production