Gas Prices Jump as LNG Workers Begin Partial Strike

The video discusses the potential impact of strikes at two LNG facilities in Australia, which account for 7% of global LNG production. The strikes could disrupt the market, especially as demand rises in the Northern Hemisphere during winter. The market has reacted to the strong rhetoric from unions, and there is uncertainty about reaching an agreement. The strikes could last two weeks, affecting global supply and market dynamics.

What factors are contributing to the tightness of the global gas market as mentioned in the text?

What are the potential consequences if the strike continues without a deal?