European Gas Prices Surge on Australia LNG Strike Threat

The video discusses the current state of the European gas market, highlighting the anxiety over potential shortages due to reduced Russian pipeline gas supply and increased reliance on LNG. It also covers the potential strikes at Australian LNG facilities, which could disrupt 10% of global LNG supply, leading to competition between Europe and Asia and possible price increases. The situation is still developing, with opportunities for resolution before significant impacts occur.

What are the fears of European gas traders in light of the potential strikes?

What percentage of global LNG supply could be affected by the strikes?