Supplies from Chevron's liquefied natural gas facilities in Australia, which account for one-tenth of global supplies, could be disrupted as workers vote to authorize industrial action.
Workers at Chevron's two LNG plants in Australia are set to go on strike from 7 September, a move that could potentially drive up global prices, following weeks of negotiation over pay and working conditions with unions.
Workers at Chevron liquefied natural gas facilities in Australia plan stoppages next week, while Toyota plants in Japan face output standstill due to systems malfunction, potentially impacting supply and raising concerns about economic data and trading interruptions.
Workers at Chevron's liquefied natural gas facilities in Australia are planning to strike, which could result in a loss of around 7% of global supply and potential price increases.
The European Union's purchases of Russian liquefied natural gas (LNG) have surged despite their vow to reduce imports over Russia's invasion of Ukraine, raising questions about their efforts to weaken Russia's war chest.
Mediation talks have begun in an attempt to prevent strikes at Chevron's liquefied natural gas (LNG) facilities in Australia, which could disrupt LNG exports and cost the company billions of dollars.
Workers at Chevron's Gorgon and Wheatstone LNG projects in Australia plan a two-week strike starting on September 14, which could disrupt LNG exports and potentially increase gas prices.
The Biden administration has suspended a Trump-era regulation allowing the transportation of liquefied natural gas (LNG) via rail, a move praised by environmental groups but criticized by Republican lawmakers and the rail industry.
Workers at Chevron's liquefied natural gas facilities in Australia have agreed to delay strike action for one day, easing concerns in the gas market.
Hundreds of workers at Chevron's liquefied natural gas plants in Western Australia have halted work in an industrial action over pay and working conditions, potentially impacting global gas prices.
Chevron Australia will pursue a legal strategy to stop strikes at its Gorgon and Wheatstone liquefied natural gas facilities in Australia, after failing to reach a deal with unions, potentially risking billions of dollars in export revenue.
Chevron is seeking help from a labor regulator in Australia to resolve its dispute with unions at liquefied natural gas sites, as workers continue with partial strikes that have impacted global LNG prices.
Freeport LNG, the second largest liquefaction facility in the US, experienced disruptions and canceled cargoes due to a slowdown in feedgas intake, while global gas markets face challenges from rising Chinese consumption, European market volatility, and potential disruption in Russian pipeline gas to Europe.
Chevron has resumed full production at its Wheatstone liquefied natural gas (LNG) facility in Western Australia after a fault last week caused a 20% production cut, but the fault and ongoing strikes have not affected scheduled LNG deliveries.
