# Explainer: Worker disputes at Australian LNG producers roil global gas market

> Worker disputes at Australian LNG producers have pushed the weekly spot LNG price for North Asia to $11.50 per mmBtu, the highest in a month. Future swaps for October to December delivery jumped to $15-18 per mmBtu.

- Date: 2023-09-01 · published 2023-09-01T12:00:00.000Z
- Category: logistics · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/34746-explainer-worker-disputes-at-australian-lng-producers-roil-global-gas-market
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Potential loss of Australian LNG supply tightens global gas and could push buyers toward alternatives, keeping energy costs elevated for feed producers through fertilizer and drying-fuel costs.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2018-01-16 | [Production outages tighten Asian gas market \| LNG Industry](https://feedsoft.ai/events/67164-production-outages-tighten-asian-gas-market-lng-industry.md) | -11.9% | -28.5% |
| NATGAS | 2023-08-21 | [European gas prices rise on growing prospect of Australian LNG strike](https://feedsoft.ai/events/34750-european-gas-prices-rise-on-growing-prospect-of-australian-lng-strike.md) | +0.2% | +5.5% |
| NATGAS | 2017-12-12 | [After Europe's Gas Market Disasters, LNG May Come to the Rescue \| Rigzone](https://feedsoft.ai/events/67648-after-europe-s-gas-market-disasters-lng-may-come-to-the-rescue-rigzone.md) | -3.2% | +7.5% |
| NATGAS | 2021-02-17 | [Record U.S. winter storm deeply impacts global LNG markets](https://feedsoft.ai/events/48839-record-u-s-winter-storm-deeply-impacts-global-lng-markets.md) | -51.1% | -57.5% |
| NATGAS | 2024-04-25 | [Hammerfest, Freeport Outages Send Global Natural Gas Prices Higher – Three Things to Know About the LNG Market](https://feedsoft.ai/events/9864-hammerfest-freeport-outages-send-global-natural-gas-prices-higher-three-things.md) | +9.1% | +64.2% |

## Sources

- reuters.com: https://www.reuters.com/business/worker-disputes-australian-lng-producers-roil-global-gas-market-2023-08-16/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.