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Transcripts for BBCNEWS World Business Report 20240604 13:36:00

The relative calm in the global natural gas markets has been broken by the threat of strikes in australia. it is largely because europe has become more reliant on liquefied natural gas because of the sanctions placed on russia. at the moment, european storage facilities are close to 90% full, so that does mitigate some of the worst parts of the risk, but supply and demand is so finely balanced in europe that only a small amount of natural gas supplies coming off market has a massive ripple effect of bringing prices up. as you said, 40% on a single day last week. find prices up. as you said, 4096 on a single day last week. prices up. as you said, 4096 on a single day last week. and yet demand in the northern single day last week. and yet demand in the northern hemisphere single day last week. and yet demand in the northern hemisphere has- in the northern hemisphere has effectively dropped, hasn t it? the concern, isuppose, is effectively dropped, hasn t it? the concern, i suppose,

Australia
Strikes
Markets
Natural-gas
Threat
Sanctions
Some
Russia
Parts
Liquefied-natural-gas
European
European-storage-facilities

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