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Chevron Receives Notice of Australian LNG Strikes

LNG

Chevron received notice that strikes at its LNG export plants in Australia will begin from September 7 if it doesn’t reach an agreement with workers.

  • Unions gave the notice for industrial action at the Gorgon and Wheatstone export plants.
  • News of the potential strike action has prompted TTF higher still Monday after initial Australian strike vote news prompted a smaller rise earlier in the day.
  • European gas prices are particularly volatile at present with Norwegian maintenance ramping up.
  • TTF SEP 23 up 9.3% at 38.03€/MWh
  • TTF WIN 23 up 4.6% at 51.28€/MWh

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