European gas prices are rising, due to fears of Aust. strikes in NW Woodside gas fields (Chevron workers, also, next to vote on strike action, this Thursday 24.8). Aust.$ also falling against US$ (WHC paid in US$). Both developments (if they continue) bode well for WHC profits, & SP.
Economic Times 22.8.23 said
"Apprehensions revolve around the North West Shelf facility's role in supplying LNG globally as Australia is a prominent supplier. Alongside this facility, Chevron-operated Gorgon and Wheatstone offshore LNG plants are also undergoing strike votes, with outcomes expected on Thursday. These three plants constitute approximately 10% of the global LNG supply.
Ben McWilliams, an associate fellow at Bruegel, a think tank, cautioned that these strikes could have repercussions on worldwide LNG prices...
Australia Gas prices: Gas Prices’ Recent Surge in Europe: All you need to know - The Economic Times (indiatimes.com)
European gas prices are rising, due to fears of Aust. strikes in...
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