Octopus Tracker

[Deleted User]

Tracker gas up by 20% today primarily because Australian LNG workers are going on strike which has pushed LNG prices up by 49%.

‘LONDON, Aug 9 (Reuters) - Workers at Woodside Energy Group (WDS.AX) and Chevron's (CVX.N) liquefied natural gas (LNG) facilities in Australia voted to strike on Wednesday, industry sources and Australian media reported, sending European gas prices higher on concern over supplies.

Collectively, monthly exports from the facilities equate to around 11% of exports globally, according to analysts at RBC, who warned of a possible supply squeeze despite healthy gas storage levels in Europe and elsewhere.

"An actual strike at two major LNG export terminals in Australia would have far-reaching impacts," echoed CITI analysts in a note.

About 99 per cent of 180 production employees at Woodside’s facilities voted for action, including indefinite strikes, and they shall be soon joined by hundreds of other employees at Chevron’s facilities, Australia's Financial Review newspaper reported.

News of the strike, which could start as early as next week at five LNG projects, sent European gas prices to a nearly 2-month high.’

‘In 2022, UK LNG imports hit a record high of 25.6 bcm, representing 45 per cent of UK natural gas imports.’ Source: UK Government.

Let us hope that it is a short strike.

Telegraph_Sam

Thanks (but no thanks ..)
Question: Where did you get the alert from? "All our tariffs"?

Telegraph_Sam

"tariff options within online dashboard". I don't seem to be able to find that.
Octopus Compare app. Same applies. Is this for mobiles only?