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Managing Director, Ben Williams’s September Industry Update Sep 28, 2023 As the change in weather brings winter closer, we’re reminded of the continued instability in raw material pricing, one of the many consequences of the ongoing and devastating conflict in Ukraine. During a month in which energy prices are still fluctuating, further global disruption has been caused after a technical fault and strike action in Australia reduced liquefied natural gas (LNG) output by one-fifth. A turbine tripped at the Wheatstone LNG plant in Western Australia, whilst simultaneously, 500 union member employees escalated strike action over pay and conditions. Although full production has now reportedly resumed, gas prices spiked at the time and the situation impacted between 5% and 7% of global LNG s...