Global Supply Threatened as Chevron LNG Workers Go on Strike

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Workers at Chevron’s liquefied natural gas (LNG) projects in Australia have gone on strike after failed talks regarding wages and working conditions. The strike has led to an increase in British and European gas prices. The dispute affects Chevron’s Gorgon and Wheatstone operations, which account for more than 5% of global supply. The Offshore Alliance, which includes the Maritime Union of Australia and the Australian Workers’ Union, supports the workers.

The sequence of events leading up to the strike action includes Woodside Energy, Chevron’s partner, averting strikes last month after reaching an agreement with the workers. Negotiations between Chevron, Woodside Energy Group, and Australian unions have been ongoing, but a source familiar with the matter states that a resolution is unlikely for several days. The unions warn that work stoppages could cost US energy exports billions if worker demands for wages and working conditions are not met.

Mediation talks have been held to try to avert strikes at Chevron’s LNG plants, but as of now, the strike is in effect. Workers at Chevron’s LNG projects have agreed to suspend the strike until September 8th. The strike impacts Chevron’s LNG operations in Australia and has resulted in a rise in gas prices in British and European markets.

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