# European gas prices rise on growing prospect of Australian LNG strike

> European gas prices jumped in volatile trading as the prospect of a strike at an Australian LNG producer raised fears of global supply disruption. TTF rose as much as 9.1% before finishing up 6.5%.

- Date: 2023-08-21 · published 2023-08-21T12:00:00.000Z
- Category: logistics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/34750-european-gas-prices-rise-on-growing-prospect-of-australian-lng-strike
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Expected LNG supply losses lift global gas prices, raising energy and nitrogen fertilizer costs for feed producers.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-09-25 | [European Natural Gas Prices Rally on Extended Norwegian Supply Outages – LNG Recap](https://feedsoft.ai/events/34286-european-natural-gas-prices-rally-on-extended-norwegian-supply-outages-lng-recap.md) | +6.4% | +4.3% |
| NATGAS | 2023-03-27 | [Strikes in France Push European Natural Gas Prices Higher, but Demand Seen Weakening – LNG Recap](https://feedsoft.ai/events/37029-strikes-in-france-push-european-natural-gas-prices-higher-but-demand-seen.md) | +1.5% | +4.9% |
| NATGAS | 2022-11-15 | [Europe Natural Gas Prices Jump as Major US LNG Plant Set to Stay Offline - Bloomberg](https://feedsoft.ai/events/38856-europe-natural-gas-prices-jump-as-major-us-lng-plant-set-to-stay-offline.md) | +6.8% | +16.1% |
| NATGAS | 2023-09-01 | [Explainer: Worker disputes at Australian LNG producers roil global gas market](https://feedsoft.ai/events/34746-explainer-worker-disputes-at-australian-lng-producers-roil-global-gas-market.md) | -3.6% | +5.3% |
| NATGAS | 2023-09-21 | [Europe Gas Prices Gain After Flows Drop at Biggest US LNG Plant](https://feedsoft.ai/events/34287-europe-gas-prices-gain-after-flows-drop-at-biggest-us-lng-plant.md) | -0.5% | +8.4% |

## Sources

- ft.com: https://www.ft.com/content/3422e61b-2869-44b2-8cc4-f26cf45dbe46

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