Topics

Posted 9/8/2023, 10:28:00 AM

Australian Workers' Strike Halts LNG Operations, Threatens Global Supply

Hundreds of workers halted operations at Chevron's liquefied natural gas plants in Western Australia, affecting 6% of global supply.
The labor action came as union negotiations over pay and conditions stalled.
Stoppages scheduled to continue until Thursday, when strikes of up to 24 hours could start for 2 weeks.
If shipments are disrupted long-term, prices could rise globally, especially in Japan which gets 45% of the fuel.
Though not a direct supplier to Europe, disruption in Australia could raise prices there too by limiting supply elsewhere.

nytimes.com

Relevant topic timeline:

8/28/2023

Chevron LNG workers in Australia allow union to call for strike

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.

8/29/2023

Chevron: Workers at major Australia gas facilities to strike

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.

8/29/2023

Morning Bid: Strikes, system failures and a slowdown

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.

8/29/2023

Chevron's Australia LNG ops could face daily 10-hr stoppages as union fight escalates

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.

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.

9/6/2023

Chevron and unions in talks to avert Australia LNG strike

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.

9/6/2023

Chevron LNG workers in Australia to pause strike action until Friday

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.

9/8/2023

Chevron Workers Strike in Australia, Disrupting Global LNG Supply

Workers at Chevron's liquefied natural gas (LNG) projects in Australia have gone on strike, potentially disrupting over 5% of global supply and causing a spike in European gas prices, as talks broke down over wages and conditions.

9/11/2023

Chevron Seeks Court Intervention to Halt Planned Strikes at Australian LNG Plants

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.

9/16/2023

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

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.

9/18/2023

Chevron's Wheatstone LNG Facility Resumes Full Output After Brief Disruption

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.

10/6/2023

Australian Union Votes to Restart Strikes at Chevron LNG Plants After Failed Contract Talks

Union members at Chevron's liquefied natural gas facilities in Australia have voted for industrial action, threatening potential strikes that could disrupt around 7% of global LNG supply.

Topics

Posted 9/8/2023, 10:28:00 AM

Australian Workers' Strike Halts LNG Operations, Threatens Global Supply

Hundreds of workers halted operations at Chevron's liquefied natural gas plants in Western Australia, affecting 6% of global supply.
The labor action came as union negotiations over pay and conditions stalled.
Stoppages scheduled to continue until Thursday, when strikes of up to 24 hours could start for 2 weeks.
If shipments are disrupted long-term, prices could rise globally, especially in Japan which gets 45% of the fuel.
Though not a direct supplier to Europe, disruption in Australia could raise prices there too by limiting supply elsewhere.

nytimes.com

Relevant topic timeline:

8/28/2023

Chevron LNG workers in Australia allow union to call for strike

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.

8/29/2023

Chevron: Workers at major Australia gas facilities to strike

8/29/2023

Morning Bid: Strikes, system failures and a slowdown

8/29/2023

Chevron's Australia LNG ops could face daily 10-hr stoppages as union fight escalates

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.

9/6/2023

Chevron and unions in talks to avert Australia LNG strike

9/6/2023

Chevron LNG workers in Australia to pause strike action until Friday

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.

9/8/2023

Chevron Workers Strike in Australia, Disrupting Global LNG Supply

9/11/2023

Chevron Seeks Court Intervention to Halt Planned Strikes at Australian LNG Plants

9/16/2023

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

9/18/2023

Chevron's Wheatstone LNG Facility Resumes Full Output After Brief Disruption

10/6/2023

Australian Union Votes to Restart Strikes at Chevron LNG Plants After Failed Contract Talks

Union members at Chevron's liquefied natural gas facilities in Australia have voted for industrial action, threatening potential strikes that could disrupt around 7% of global LNG supply.