Gas prices jump as Australian LNG workers strike - News Summed Up

Gas prices jump as Australian LNG workers strike


(Photo: Chevron via Reuters)Liquefied natural gas workers at key Chevron Corp sites in Australia began partial strikes on Friday after talks failed to reach an agreement in a dispute that has rattled global gas markets. Since then, Woodside has reached a compromise deal with workers, while Chevron and its workers remain apart on several key claims. The impact on LNG shipments is not likely to be immediate, and gas consumption is currently muted in both Europe and Asia. Tokyo Gas Co, which also has a stake in the plant, said it is checking on impact to its LNG procurement. The region relies heavily on stable LNG shipments after losing most of its pipeline-supplied gas from Russia in 2022.


Source: Bangkok Post September 08, 2023 17:32 UTC



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