Currency gas prices in Europe could remain high until the end of 2023 due to strikes by workers at Australian factories. Such an opinion in an interview with RIA Novosti expression Applya’s Senior Advisor, Ivan Timonin, commented on the exchange rates of $500 per thousand cubic meters on the London ICE stock exchange the day before.
The expert explained that Europe is trying to change the Russian pipeline gas supply, and under these conditions, the demand for liquefied natural gas (LNG) continues to increase in 2023. The expert also said that the world market is generally scarce.
“…Australia is the world’s second largest LNG producer after the USA… The global market share is close to 20% this year… Woodside and Chevron, whose workers are planning a strike, are among the most important players. .. owns shares in Australian plants with a total capacity of 46 million tons .. ie. …. – Gorgon, North West Shelf, Pluto LNG and Wheatstone, ”said Timonin.
Employees at Australian companies Wheatstone and Gorgon may not be at work next week. They demand higher salaries and restrictions on outsourced work. With information According to Bloomberg, the strikes could endanger the global fuel supply and trigger a sharp rise in LNG prices.
The main fuel buyers from Australia are Japan, China and South Korea.
old germany warned On the risk of gas shortages by 2027.