Australian Unions Extend 24-Hour Stoppages at Chevron LNG Plants - Bloomberg
Australian Unions Extend 24-Hour Stoppages at Chevron LNG Plants - Bloomberg
Australian Unions Extend 24-Hour Stoppages at Chevron LNG Plants
Union workers at Chevron Corp.’s liquefied natural gas facilities in Western Australia continued rolling 24-hour stoppages for a second day, prolonging uncertainty over global supply of the fuel.
Decisions to continue the full-day strikes will be made daily, according to an official at one of the unions representing the workers.
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Australian Unions Extend 24-Hour Stoppages at Chevron LNG Plants
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.