Cyclone Narelle Hits Australian Gas Plants as Middle East Conflict Strains Global Energy Supply

Cyclone Narelle forced production shutdowns at major Chevron and Woodside liquefied natural gas facilities in Australia as global energy markets struggle with Middle East supply disruptions.The temporary closure of the Gorgon, Wheatstone, and Karratha plants threatens nearly 10 percent of the world supply of gas while prices in Asia have already doubled during the Iran conflict.Japan and other Asian importers face heightened energy insecurity as Australian exports currently struggle to offset the loss of regional volumes from Qatar.
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