Gas Supply Uncertainty in Europe Drives Prices Higher Amid Chevron Shutdowns and Damaged Pipelines
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Natural gas prices in Europe have been climbing due to uncertainty around Chevron's operations in Israel and Australia.
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Chevron stopped production at its Tamar gas field in Israel on government request over safety concerns.
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Workers at Chevron's Australian LNG facilities are planning strikes, which could further impact gas supplies.
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A gas pipeline between Finland and Estonia was damaged, shutting down gas flow for months.
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Europe has over 90% full gas storage, plus additional gas in Ukraine, but pipeline vulnerability raises concerns.