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Top related persons:
Daniel Toleman - 1 Wood Mackenzie - 1 ” - 1 Wheatstone - 1 Mark Hatfield - 1
Top related locs:
Australia Isle Rochester , England Western Australia Chevron Australia Hong Kong Asia Woodside
Top related orgs:
Chevron - 2 Chevron Australia - 2 Offshore Alliance - 2 National Grid - 1 Union - 1 Hong Kong CNN - 1 Australian Workers ’ Union - 1 Maritime Union of Australia - 1

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2 mentions found


☆ European gas prices jump 10% as strikes get underway at major LNG facilities in Australia
  + stars: | 2023-09-08 | by ( Sam Meredith | ) www.cnbc.com   time to read: +2 min
Liquefied natural gas (LNG) storage units at Grain LNG importation terminal, operated by National Grid Plc, on the Isle of Grain on August 22, 2022 in Rochester, England. European gas prices moved sharply higher on Friday as workers at Australian natural gas facilities went on strike, prompting fears that a prolonged halt to production could squeeze global supplies. "Unfortunately, following numerous meetings and conciliation sessions before the Fair Work Commission, we remain apart on key terms," a spokesperson for Chevron Australia said. Fears of strike action in Australia, one of the world's biggest exporters of LNG, have recently pushed up European gas prices — and analysts expect near-term market volatility to persist. European gas prices rose to around 43 euros last month but had pared gains as the two sides sought an amicable resolution.
Organizations: National Grid, Chevron, Chevron Australia, Offshore Alliance, Union Locations: Isle, Rochester , England, Western Australia, Chevron Australia, Australia
☆ Chevron’s LNG plants in Australia face strike action
  + stars: | 2023-08-29 | by ( Michelle Toh | ) edition.cnn.com   time to read: +5 min
“If a strike were to go ahead, prices would rise, particularly if industrial action escalates, and it is unclear how long it would last. Last week, European natural gas prices soared to €42.9 per megawatt hour, “their highest closing level since April” in anticipation of looming industrial action, according to Deutsche Bank analysts. But on Friday, union workers announced a deal in principle with Woodside and called off a planned strike. Impending strike actionChevron, too, had presented a new offer to workers at its Gorgon and Wheatstone facilities last week. A Chevron Australia spokesperson confirmed to CNN on Tuesday that it had received notice of planned action next week.
Persons: Daniel Toleman, Wood Mackenzie, ”, Wheatstone, Mark Hatfield Organizations: Hong Kong CNN, Chevron, Offshore Alliance, Australian Workers ’ Union, Maritime Union of Australia, CNN, Traders, Deutsche Bank, ”, “ Offshore Alliance, ” Chevron, Chevron Australia, Energy Locations: Hong Kong, Australia, Asia, Woodside, Australian, Ukraine
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