The economic sanctions imposed by the US and its allies against Russia over the escalation of the Ukrainian conflict last year, as well as hostile actions by certain Western states such as the destruction of the Nord Stream pipelines, have effectively cut off many European countries from the supply of cheap Russian natural gas.
The prospects of a workers' strike at offshore platforms in Australia apparently led to an uptick in gas futures prices in Europe today.
Last week, trade unions at Woodside Energy Group's North West Shelf offshore gas platforms announced plans to launch a strike, which may start as soon as September 2. Some media outlets have warned that this development may result in the disruption of liquefied natural gas from Australia.
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