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Prices Higher On Friday But Down On Week As Australian Disputes Resolving

LNG

European gas prices rose 9.6% on Friday to close at EUR35 following news that a LNG import terminal in Germany may not be ready in time for winter. Ongoing talks between unions and Chevron in Australia’s Northwest shelf are also in the market’s sights, as workers have voted for industrial action if an agreement can’t be reached. Prices finished the week 3.9% lower though after employees approved the deal with Woodside. Prices had reached a high during the week of EUR44.80 before the agreement. North Asian LNG prices fell 3.5% last week.

Energy BulletsCommodities
Energy BulletsCommodities

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