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Union To End Strike Action At Chevron Facilities In Australia

LNG

Chevron and labor unions have reached a deal to end strikes at two LNG facilities in Australia. The Union stated workers have accepted an agreement put forward by the country's Labor Market regulator. Chevron had accepted the terms on Thursday.

  • The Labor Union stated it will cease strike action at the facilities, which had started on September 8 and ramped up recently to 24 hour work stoppages.
  • The Gorgon and Wheatstone facilities, which were impacted by the industrial action, accounted for around 7% of global LNG supply last year.
  • This should help allay global supply fears, at the margin, as we head into the northern hemisphere winter period.
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