Chevron LNG workers in Australia reaffirm strike plans - Reuters
Chevron LNG workers in Australia reaffirm strike plans | Reuters
Chevron LNG workers in Australia reaffirm strike plans
A 3D printed natural gas pipeline is placed in front of displayed Chevron logo in this illustration taken Feb. 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights
Oct 16 (Reuters) - Workers at Chevron's (CVX.N) two liquefied natural gas (LNG) plants in Australia reaffirmed their plan to resume strikes as mediated talks continued on Monday, with the U.S. energy major saying that workers were being unreasonable.
Australia's Offshore Alliance union had called off strikes at Chevron's (CVX.N) facilities last month after the union and Chevron accepted proposals from the country's industrial arbitrator, resolving a fight that threatened to disrupt around 6% of the world's LNG supply.
Australia's Woodside Energy (WDS.AX) had also negotiated with workers in August and managed to avert strikes after reaching a deal.
Here is a sequence of events leading up to the strike action:
Reporting by Sourasis Bose, additional reporting by Swati Verma in Bengaluru; Editing by Sonali Paul and Anil D'Silva
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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.