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Top related persons:
Brad Gandy - 1 “ - 1 Wheatstone - 1 Daniel Toleman - 1 Wood Mackenzie - 1 “ It’s - 1 ” - 1 Alex Froley - 1
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Australia Europe Russia Ukraine Norway LNG United States Qatar
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London CNN — Union - 1 Offshore Alliance - 1 Chevron - 1 Commission - 1 Enterprise - 1 CNN - 1 Fair - 1 ” Workers - 1

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3 mentions found


☆ Chevron workers at key LNG facilities in Australia vote to restart strikes
  + stars: | 2023-10-06 | by ( Olesya Dmitracova | ) edition.cnn.com   time to read: +3 min
London CNN —Union members have voted to restart industrial action at Chevron’s liquefied natural gas facilities in Australia, threatening renewed strikes that could disrupt about 7% of global LNG supply. In the past days, the Offshore Alliance had been working with Chevron (CVX) to finalize the agreements, the alliance said in the statement. In Europe, the threat of strikes in Australia had caused a series of spikes in natural gas prices since August. “Persistently high and volatile gas prices will erode European competitiveness, [which is] a longer-term risk,” the credit rating agency wrote. “Gas prices will remain higher in Europe than elsewhere, making energy-intensive sectors like chemicals less competitive.”
Persons: Brad Gandy, “, Wheatstone, Daniel Toleman, Wood Mackenzie, “ It’s, ”, Alex Froley, Russia —, Moody’s Organizations: London CNN — Union, Offshore Alliance, Chevron, Commission, Enterprise, CNN, Fair, ” Workers Locations: Australia, Europe, Russia, Ukraine, Norway, LNG, United States, Qatar, Moscow
☆ Nigeria LNG outage threatens Europe, traders with higher costs
  + stars: | 2022-10-18 | by ( Libgeorge Marwa Rashad | Marwa Rashad | ) www.reuters.com   time to read: +3 min
LAGOS/LONDON, Oct 18 (Reuters) - European countries and gas traders are reeling from the latest LNG supply shock - a force majeure from Nigeria LNG - that threatens nearly 4% of global supply and further squeezes the continent's resources in absence of Russian pipeline gas. Nigeria LNG declared force majeure this week due to heavy flooding in that it said impacted virtually all of its gas suppliers. NLNG, with 22 million tonnes per year of capacity, said it is working to mitigate the impact, but flood waters are still rising. Unplanned disruptions in the United States, Nigeria and Australia have forced traders to pay millions in inflated costs for alternative supplies. France's Total, the second-largest offtaker, takes around 3 million tonnes per year.
☆ Dozens of LNG-laden ships queue off Europe's coasts unable to unload
  + stars: | 2022-10-17 | by ( Marwa Rashad Belén Carreño | Marwa Rashad | Belén Carreño | ) www.reuters.com   time to read: +4 min
LONDON/MADRID, Oct 17 (Reuters) - Dozens of ships carrying liquefied natural gas (LNG) are circling off the coasts of Spain and other European countries unable to secure slots to unload because plants that convert the seaborne fuel back to gas are full. There are also LNG vessels at anchor near other European countries which could mean dozens more are waiting, one source with knowledge of the situation said. "If more cargoes were being produced companies might not be able to leave their ships waiting around so long," he said. If the backlog is not cleared soon those ships may start looking for alternative ports outside Europe to offload their cargo. The lack of pipeline infrastructure means that this gas cannot be transported to other European countries.
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