An upcoming strike, scheduled to commence on September 7, by employees at two prominent liquefied natural gas (LNG) facilities in Australia, has the potential to trigger an escalation in global prices.
This development comes on the heels of extensive negotiations spanning several weeks between labor unions and management concerning compensation and labor conditions.
Operational oversight of the sites rests with Chevron, the American energy behemoth, which expressed its commitment to ensuring “the maintenance of secure and dependable operations, even in the face of potential disruptions to our facilities.”
Apprehensions surrounding impending strikes have recently contributed to an uptick in wholesale gas prices within Europe.
The two facilities in question, Wheatstone and Gorgon, located in Western Australia, account for over 5% of the global LNG output. At present, approximately 500 personnel are engaged across these plants.
The strike action, if realized, could exert a notable influence on the international energy landscape, potentially shaping the trajectory of gas prices on a worldwide scale.
