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Australian LNG strike looms, impact likely limited for now: Russell

From naturalgasworld.com

The likelihood of industrial action at three Australian liquefied natural gas facilities is increasing, but the question for the market is what is the potential impact on the supply of the super-chilled fuel. Unions at Woodside Energy Group's North West Shelf offshore gas platforms announced plans on Aug. 20 to strike as early as Sept. 2, the latest escalation in a long-running dispute over pay and conditions. The Offshore Alliance, which consists of two key unions, will also finalise a strike vote at the Chevron-operated Wheatstone and Gorgon LNG ventures by Aug. 24. It's likely that workers at the Chevron plants ... (full story)

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  • Category: Fundamental Analysis