Chevron LNG workers in Australia to pause strike action until Friday

Chevron LNG workers in Australia have agreed to pause planned strike action until Friday morning local time.
The pause comes just hours before industrial action was due to begin in an ongoing dispute over pay and conditions.
The delay has rattled gas markets, with Dutch natural gas prices falling over 7% on the news.
Chevron's facilities account for over 5% of global LNG capacity, so disruption could impact supply.
The reason for the pause in strike action is not yet clear, though mediation talks have been ongoing all week.

reuters.com

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Posted 9/6/2023, 7:54:00 PM

Chevron LNG workers in Australia to pause strike action until Friday

Chevron LNG workers in Australia have agreed to pause planned strike action until Friday morning local time.
The pause comes just hours before industrial action was due to begin in an ongoing dispute over pay and conditions.
The delay has rattled gas markets, with Dutch natural gas prices falling over 7% on the news.
Chevron's facilities account for over 5% of global LNG capacity, so disruption could impact supply.
The reason for the pause in strike action is not yet clear, though mediation talks have been ongoing all week.

reuters.com

Relevant topic timeline:

8/29/2023

Chevron: Workers at major Australia gas facilities to strike

8/29/2023

Chevron's LNG plants in Australia face strike action

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.

9/5/2023

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.

9/5/2023

An escalating dispute at major gas facilities in Australia could drive up European prices, analysts say

9/6/2023

Chevron and unions in talks to avert Australia LNG strike

9/8/2023

Australian Workers' Strike Halts LNG Operations, Threatens Global Supply

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.

9/16/2023

Chevron Faces Escalating Strikes in Australia That Could Disrupt Global LNG Supply