Natural Gas Prices Set For Further Decline As LNG Strike Risk Shrinks ...Middle East

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Natural Gas Prices Set For Further Decline As LNG Strike Risk Shrinks
source : OILPRICE ( Middle East ) () 34
Natural gas prices are likely to decline further today after Woodside Energy reached an in-principle agreement with a trade union that should significantly reduce the risk of industrial action at the largest LNG production facility in Australia. That’s according to ING’s Warren Patterson and Ewa Manthey, who wrote in a note today that natural gas prices in Europe had already shed 14% on Wednesday on the prospect of an agreement between Woodside and its workers. The danger of another price spike, however, is not over yet as negotiations…

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