“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