Australia LNG workers vote in support for Chevron deal - Reuters
Australia LNG workers vote in support for Chevron deal | Reuters
Australia LNG workers vote in support for Chevron deal
A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. Chevron/Handout via REUTERS/File Photo Acquire Licensing Rights
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Oct 31 (Reuters) - An Australian union alliance's members voted in support to endorse deals on pay and conditions at Chevron's (CVX.N) two liquefied natural gas (LNG) facilities in Australia, the union said on Tuesday.
Earlier this month, the union called off strikes originally planned at the U.S. energy major's Gorgon and Wheatstone projects in Western Australia, which supply around 6% of the world's LNG.
The breakthrough followed days of talks mediated by Australia's industrial arbitrator, the Fair Work Commission, to try and revive an in-principle deal reached in September that ended weeks of strikes.
Reporting by Urvi Dugar in Bengaluru Editing by Chris Reese
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Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.