European gas prices continued to rise on Tuesday as workers at Australian liquefied natural gas producer company, Woodside Energy Group Ltd., handed the corporation a seven-day notice to resolve the dispute before going on strike as early as September 2. The potential industrial action at Australia’s top gas exporter spiked fears over disruption of the commodity supply around the world. For deliveries in September, UK natural gas futures jumped 6.05% to go for 108.190 pence per therm at 1:33 pm CET. For the same month contracts, Dutch TTF natural gas soared 6.03% to €44.23 per megawatt hour. Woodside’s North West Shelf is the largest LNG production project in Australia, with a capacity of 16.9 million tons annually, followed by Chevron’s Gorgon, which has a capacity of 15.6 million tons. Wheatstone, also operated by Chevron, can produce 8.9 million tons of LNG annually. Because of that substantial capacity, disruption at the three facilities would send ripples across the global gas market. If workers go ahead with strikes and if those strikes result in maximum LNG export disruption, Europe’s natural gas prices could exceed $109 (100 euros) per MWh, Goldman Sachs said in a note carried by The Wall Street Journal.