Natural gas prices soar as energy workers in Australia threaten strike

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Natural gas prices soar as energy workers in Australia threaten strike
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Natural gas prices are soaring as energy workers in Australia look poised to strike, threatening global supplies

and Woodside, an Australian energy company, are organizing for a strike. About 99% of 180 production employees at Woodside's North Rankin, Goodwyn, and Angel natural gas platforms voted on Wednesday for protected action options for the first time in 30 years. Those protected action options include indefinite strikes.

The voting results mean that Woodside's natural gas workers can stop work with seven days' notice as early as next week, the Australian Financial Review reported. Meanwhile, hundreds of workers at Chevron's Wheatstone and Gorgon natural gas facilities filed for a protected action ballot on Tuesday, which could ultimately lead to a potential strike.

Some of the sticking points in the union negotiations include higher pay for natural gas plant workers and restrictions against outsourcing jobs to contractors. European countries are likely hoping for a quick resolution between the workers and natural gas companies, as they have become heavily reliant on liquefied natural gas since the Ukraine war began, as

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