Chevron faces two-week total strike at Australia LNG projects
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.
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Posted 9/5/2023, 8:30:00 AM
reuters.com
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Unions representing workers at Chevron's LNG production facilities in Australia are planning daily work stoppages of up to 10 hours, which could disrupt operations and potentially impact global LNG markets.
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.
Strikes at Australian natural gas facilities could lead to a global shortage of gas supply and higher European gas prices, as the market is currently very tight with little flexibility, according to energy analysts. The strikes are scheduled to begin on Thursday unless an agreement is reached between Chevron and the unions representing workers at the Gorgon and Wheatstone projects. However, analysts believe that prices are unlikely to reach the record peaks seen in September 2021. The gas market also remains sensitive to other factors, such as disruptions caused by winter storms or a cut in Russian gas supply. There is also uncertainty surrounding the future of gas transit through Ukraine, which could further impact European gas prices.
Workers at Chevron's liquefied natural gas (LNG) facilities in Australia are holding talks with the company to avoid planned industrial action over pay and conditions, which could potentially impact global energy markets.
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.
Workers at Chevron's liquified natural gas facilities in Australia have gone on strike, putting as much as 7% of global supplies at risk and potentially increasing pressure on energy prices.
Workers at Chevron's liquefied natural gas (LNG) projects in Australia have gone on strike after mediation talks failed, with plans to escalate to a total strike within two weeks if no deal is reached, potentially impacting prices and output in the LNG market.
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.
About 146,000 U.S. auto workers are set to go on strike this week, demanding big pay raises and the restoration of previous concessions made during financial troubles, which could cause significant disruptions for auto production in the United States.
With less than 24 hours left before current strikes expire, the United Auto Workers' union and the Detroit Big 3 automakers have not yet reached a deal, but the union has started laying out its strike plan, which includes striking at a small number of plants and potentially adding more locations if bargaining doesn't progress satisfactorily.
Workers at Chevron's LNG plants in Western Australia have initiated a 24-hour strike, with potential for strikes to continue until mid-October, as part of an ongoing industrial action by the Offshore Alliance union.
An Australian union alliance has ended strikes at Chevron's two major LNG projects after accepting proposals on pay and conditions, resolving a dispute that had threatened 7% of global LNG supplies and raised prices by as much as 35%.