European gas futures jump as Chevron talks in Australia fail

The key European gas contract rose Friday after negotiations at a key Australian liquified natural gas supplier failed to produce an agreement. The Dutch TTF natural gas contract for October rose 6% to 34.83 euros, as a partial strike by Chevron workers in Australia began. The Gorgon and Wheatstone facilities accounted for 7% of global LNG supply last year, according to Bloomberg. The union representing workers say they will stop completely for two weeks starting Sept. 14.