LNG Price Shocks at Risk on Australia Strike Threat

The video discusses the potential impact of strike actions in Australia on global gas prices, particularly in Europe. It highlights the recent price increases due to potential strikes at Woodside and Chevron, comparing current prices with historical data following Russia's invasion of Ukraine. The market's volatility is attributed to illiquidity in the futures market, and the video explores the possibility of further price hikes if the strikes proceed and are prolonged.

What is causing the recent increase in energy prices in Europe?

• Technological advancements

• Increased demand in winter

• Strike actions in Australia

• A new tax on energy

How do current gas prices compare to those at the beginning of the year?

• They are about the same

• They have decreased slightly

• They are significantly lower now

• They are higher now

What major event contributed to the volatility in the energy market over the past 18 months?

• Russia's invasion of Ukraine

• Brexit

• The COVID-19 pandemic

• The US-China trade war

What factor is contributing to the volatility in the futures market?

• Illiquidity

• Government interventions

• Stable market conditions

• High liquidity

What is uncertain about the future of energy prices?

• If prices will stabilize

• Whether prices will decrease significantly

• If prices will reach levels that pressure governments

• Whether new energy sources will emerge