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 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.
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.
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.
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.
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 (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 Gorgon and Wheatstone LNG projects postpone their strike to Friday, signaling positive ongoing discussions and causing European gas benchmarks to decrease and EU gas storage to exceed 93%.
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.
European gas prices surged as workers at Australian natural gas facilities went on strike, raising concerns about global supply shortages. The strike, which is a result of failed negotiations over pay and job security, could potentially lead to a two-week halt in production.
Chevron workers in Australia went on strike, causing a negative impact on natural 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.
European gas markets are expected to experience more volatility and higher prices as preparations for the winter heating season are underway, with disruptions caused by strikes at major liquefied natural gas (LNG) facilities in Australia leading to increased competition for LNG from other suppliers in Asia and Europe.
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.
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.
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%.
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.
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