LNG Majors Seek To Avoid Strikes At Australian Projects ...Middle East

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LNG Majors Seek To Avoid Strikes At Australian Projects
source : OILPRICE ( Middle East ) () 27
Woodside Energy and Chevron have initiated talks with trade unions at their Australian LNG projects in a bid to avoid industrial action that could affect up to a tenth of global LNG supply. Natural gas prices in Europe on Wednesday jumped by as much as 40% as word spread that Australian LNG workers were preparing for strikes, seeking higher wages and better job security. The spike highlighted Europe’s precarious gas position. Even though storage is fuller than usual and gas traders have even taken to storing gas in Ukraine despite the risks,…

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