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The Offshore Alliance union said it had called off strikes originally planned for Thursday at the U.S. energy major's Gorgon and Wheatstone projects in Western Australia, which supply around 6% of the world's LNG. Workers have showed "incredible patience" with Chevron, Offshore Alliance spokesperson Brad Gandy said in a statement, blaming the company for trying to back away from the tentative deal agreed last month. "There was some real compromises by Chevron at the 11th hour that enabled a deal to be re-struck and strikes withdrawn," energy analyst Saul Kavonic said. Kavonic said the agreement would end the risks of strikes across Australia's largest offshore LNG projects. The Offshore Alliance, a coalition of the Australian Workers' Union and the Maritime Union of Australia, said workers would vote on the proposed enterprise agreements.

Persons: Brad Gandy, Gandy, Saul Kavonic, Kavonic, Renju Jose, Lewis Jackson, Emily Chow, Stephen Coates Organizations: Reuters, Chevron, Handout, REUTERS, Union, SYDNEY, Offshore Alliance, Traders, Workers, Australian Workers ' Union, Maritime Union of Australia, Thomson Locations: Wheatstone, Western Australia, Australian, Chevron's, Australia, U.S, Asia, Norway, Sydney, Singapore, Bengaluru

Chevron/Handout via REUTERS/File Photo Acquire Licensing RightsSYDNEY, Oct 16 (Reuters) - Unions at Chevron's liquefied natural gas (LNG) facilities in Australia reaffirmed their plan to resume strikes this week as mediated talks continued on Monday, sparking angry comments from the company saying workers were being unreasonable. Australia's industrial arbitrator, the Fair Work Commission, mediated three days of talks last week and asked the Offshore Alliance to withdraw the strike plan while talks continued, Chevron said. The Offshore Alliance, a coalition of two unions, did not immediately respond to a request for comment. Chevron said unions continued to introduce new matters into the dispute and were withholding agreement on other issues pending member votes. Chevron said late on Sunday it was "extremely disappointed" by the vote to stick with the strike plan, against the arbitrator's request.

Persons: Chevron, Lewis Jackson, Sonali Paul Organizations: Reuters, Chevron, Handout, REUTERS, Rights, Offshore Alliance, Thomson Locations: Wheatstone, Western Australia, Australia

A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. Chevron/Handout via REUTERS/File Photo Acquire Licensing RightsSYDNEY, Oct 13 (Reuters) - Negotiations over a stalled pay and conditions deal between Chevron and unions at its liquefied natural gas (LNG) facilities in Australia made progress on Friday, but fell short of sealing an agreement to end months of labour disputes at the major export sites. Friday's talks are the second round being mediated by the FWC within the past month. The unions halted weeks of strikes in late September at the facilities that supply around 6% of the world's LNG after an earlier round of talks produced a deal. Weeks later, however, the unions accused Chevron of reneging on certain commitments and said they would resume strikes on Oct. 19.

Persons: Friday's, Weeks, Lewis Jackson, Susanna R, Alasdair Pal, Miral Organizations: Reuters, Chevron, Handout, REUTERS, Rights, Thomson Locations: Wheatstone, Western Australia, Australia, Chevron, reneging, Europe, London

A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. Chevron/Handout via REUTERS/File Photo Acquire Licensing RightsSYDNEY, Oct 11 (Reuters) - Chevron and unions representing workers at its two liquefied natural gas (LNG) facilities in Australia made progress in talks over pay and conditions on Wednesday and would meet again on Thursday, a union representative said. With workers threatening to resume strikes from next week at the facilities that supply around 6% of the world's LNG, Chevron and unions were holding negotiations before Australia's industrial arbitrator, the Fair Work Commission. Unions halted weeks of strikes at Chevron's sites in late September after an earlier round of talks produced a deal. However, unions subsequently accused Chevron of reneging on certain commitments and said on Monday they would restart strikes on Oct. 19.

Persons: Lewis Jackson, Muralikumar Anantharaman, Sonali Paul Organizations: Reuters, Chevron, Handout, REUTERS, Rights, AS, Thomson Locations: Wheatstone, Western Australia, Australia, Chevron, reneging

The Tamar field, located 15 miles off Israel’s southern coast, meets 70% of Israel’s energy needs for power generation, according to the US energy company. A prolonged shutdown could lead to a drop in Israeli gas exports to its neighbors, Egypt and Jordan, as well as squeeze an already tight global gas market. For now, Chevron (CVX) continues to supply its customers in Israel and the region with gas from the larger Leviathan platform. Goldman Sachs analysts think the Tamar shutdown has “contributed” to the rally in European gas prices. However, all in all, the consequences for the global gas market would be “very limited,” he added, because Israel isn’t a major supplier.

Persons: Sally Jones, ” Jones, Chevron, “, Tamar, —, Wood Mackenzie, Goldman Sachs, Simone Tagliapietra, Marc Israel Sellem, Chevron’s Wheatstone, Tagliapietra, Israel, ”, Israel isn’t, Jordan, Israel’s, Martijn Murphy, Luo, ” Murphy Organizations: New York CNN, Chevron, Israel’s Ministry of Energy, Hamas, CNN, Rystad Energy, International Energy Agency Locations: London, New York, Israel, Egypt, Jordan, Europe, Ukraine, Baltic, Australia, Finland, Estonia, Tamar

The usual seasonal pattern for the spot price is a rally heading into the northern winter and summer peak demand periods, followed by a lull in the shoulder seasons in between. This figure already exceeds the 20.22 million metric tons from October last year and is likely to be revised upwards as more cargoes are assessed. Demand in top importer Japan is still following the usual seasonal pattern, which generally sees soft arrivals in October followed by strength as the colder weather arrives. India's imports have been trending higher, with September arrivals of 2.15 million metric tons the most since October 2021. Europe's LNG imports are also showing signs of life, with Kpler estimating October arrivals at 8.58 million metric tons, up from 7.4 million in September.

Persons: Snow, Gary Cameron, Wheatstone, Lincoln Organizations: REUTERS, Rights, Japan, LNG, El, Chevron, Reuters, Thomson Locations: Lusby , Maryland, Rights LAUNCESTON, Australia, Asia, Ukraine, China, Japan, South Korea, Europe, EUROPE, El Nino, Western Australia, Israel, Persian, Qatar, United States

☆ Chevron Australia workers to restart strikes next week after deal talks falter
▼ + stars: | 2023-10-10 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Union workers are set to go on strike at Chevron’s liquefied natural gas (LNG) facilities in Australia next Thursday, in renewed action that could disrupt about 7% of global LNG supply. The proposed deals had contained improvements in pay and other conditions, leading unions to call off strikes at the time. Fresh strikes could again threaten to disrupt production at Chevron’s hugely significant Wheatstone and Gorgon facilities, located near the coast of Western Australia. In separate statements shared with CNN, Chevron and the alliance said they had worked to draft agreements based on recommendations from Australia’s Fair Work Commission. Chevron added that it remained “committed” to a deal and hoped to resolve the last outstanding issues.

Persons: “, ”, Felix Booth, — Olesya Dmitracova Organizations: Hong Kong CNN — Union, Chevron, Offshore Alliance, CNN, Chevron Australia Locations: Hong Kong, Australia, Western Australia, reneging, ”

Night-shift workers at Chevron's Gorgon and Wheatstone facilities voted to restart strikes in the afternoon meeting, the Offshore Alliance, a coalition of two unions, said in a statement. The unions accuse the U.S. oil giant of reneging on a deal that ended strikes last month. Reuters reported on Thursday, the bulk of workers at the facilities had voted to strike. Chevron must be given seven business days notice before strikes can begin and unions said they plan to file the notice on Monday. A union representative who declined to be named said there are no talks currently scheduled with Chevron.

Persons: Wheatstone, “, Brad Gandy, Nilutpal, Lewis Jackson, Mark Potter, Sharon Singleton Organizations: Reuters, Chevron, Handout, REUTERS, Offshore Alliance, Thomson Locations: Wheatstone, Western Australia, U.S, Bengaluru, Sydney

☆ 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

Chevron/Handout via REUTERS Acquire Licensing RightsCompanies Chevron Corp FollowOct 5 (Reuters) - Chevron (CVX.N) has "reneged" on commitments made to Australia's industrial tribunal, unions representing workers at its two local liquefied natural gas (LNG) sites said on Thursday, weeks after both sides struck a tentative deal to end major strikes. Workers called off strikes less than two weeks ago after unions and Chevron accepted proposals on pay and conditions proposed by the country's industrial arbitrator. However, the Offshore Alliance, a coalition of two unions, said Chevron had "reneged" on its commitments. Members would meet on Thursday and Friday to discuss the issue, according to a statement posted on Thursday to social media. A union representative who declined to be named said they would recommend workers serve Chevron notice of intent to resume strikes.

Persons: Lewis Jackson, Urvi, Kim Coghill, Sonali Paul Organizations: Reuters, Chevron, Handout, REUTERS Acquire, Companies Chevron Corp, Workers, Offshore Alliance, Commission, Thomson Locations: Wheatstone, Western Australia, Sydney, Bengaluru

A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. Workers called off strikes less than two weeks ago after unions and Chevron accepted proposals on pay and conditions proposed by the country's industrial arbitrator, the Fair Work Commission. However, the Offshore Alliance, a coalition of two unions, on Thursday said Chevron had "reneged" on its commitments. A union representative who declined to be named said they would recommend workers serve Chevron notice of intent to resume strikes. Chevron and unions had made progress drafting the agreement, but differences remained over issues like reimbursement for meals or travel for training, according to a second union representative involved in the negotiations.

Persons: Weeks, Lewis Jackson, Urvi, Kim Coghill, Sonali Paul Organizations: Reuters, Chevron, Handout, REUTERS Acquire, Companies Chevron Corp, Workers, Offshore Alliance, Commission, Thomson Locations: Wheatstone, Western Australia, U.S, Sydney, Bengaluru

Chevron/Handout via REUTERS/File Photo Acquire Licensing RightsSummaryCompanies Strikes end at Gorgon, Wheatstone LNG operationsUnions, Chevron accept proposals from industrial umpireUnions pushed Chevron to match Woodside pay dealSYDNEY, Sept 22 (Reuters) - An Australian union alliance on Friday called off strikes at Chevron's (CVX.N) two major local liquefied natural gas (LNG) projects, agreeing to resolve disputes that had threatened to disrupt around 7% of global LNG supplies. The union alliance and Chevron accepted proposals on pay and conditions from the country's industrial arbitrator for the Gorgon and Wheatstone LNG facilities, and workers suspended strikes that began two weeks ago. "The Offshore Alliance will now work with Chevron to finalise the drafting of the agreement and members will soon cease current industrial action," Offshore Alliance spokesperson Brad Gandy said in a statement. YEARS-LONG CAMPAIGNThe deal caps a years-long campaign by the Offshore Alliance for higher pay and better conditions at major Western Australian LNG sites. A 2022 agreement with Japan's Inpex at its Ichthys LNG operation set a benchmark for subsequent talks with Shell, Woodside and Chevron.

Persons: Brad Gandy, Japan's, Saul Kavonic, Yin, Renju Jose, Lewis Jackson, Alasdair Pal, Florence Tan, Shri Navaratnam, Sonali Paul Organizations: Reuters, Chevron, Handout, REUTERS, Unions, Woodside, SYDNEY, Offshore Alliance, Woodside Energy, Shell, Energy, North West Shelf, Thomson Locations: Wheatstone, Western Australia, Australian, Chevron's, Woodside, Chevron, Australia, Sydney, Singapore

[1/2] A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. The union alliance and Chevron accepted proposals on pay and conditions from the country's industrial arbitrator for the Gorgon and Wheatstone LNG facilities, and workers were set to end strikes that began two weeks ago. "The Offshore Alliance will now work with Chevron to finalise the drafting of the agreement and members will soon cease current industrial action," Offshore Alliance spokesperson Brad Gandy said in a statement. No LNG shipments were disrupted by the industrial action, even after a fault at the Wheatstone plant. Energy analyst Saul Kavonic said the deal should see an end to most industrial action offshore Western Australia with union agreements, which last for around four years, now in place for most offshore LNG sites.

Persons: Brad Gandy, Saul Kavonic, Renju Jose, Lewis Jackson, Alasdair Pal, Florence Tan, Shri Navaratnam, Sonali Paul Organizations: Reuters, Chevron, Handout, REUTERS, Unions, Woodside, SYDNEY, Offshore Alliance, Woodside Energy, Energy, North West Shelf, Thomson Locations: Wheatstone, Western Australia, Australian, Chevron's, Australia, Sydney, Singapore

[1/2] A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. The agreement would resolve a wage fight that has roiled global gas markets since early August, amid fears strikes would disrupt output from Chevron's Gorgon and Wheatstone LNG projects that produce around 7% of the world's LNG supply. On Thursday, the Fair Work Commission (FWC), which has the power to impose a settlement, said it "strongly recommended" parties accept its proposals to end work stoppages. Chevron accepted arbitration terms late on Thursday to resolve all outstanding issues and finalise the agreements with the unions. No LNG shipments were disrupted by the industrial action, even after a fault at the Wheatstone plant.

Persons: Brad Gandy, Renju Jose, Lewis Jackson, Alasdair Pal, Shri Navaratnam, Sonali Paul Organizations: Reuters, Chevron, Handout, REUTERS, SYDNEY, Offshore Alliance, Woodside Energy, Thomson Locations: Wheatstone, Western Australia, Australian, Chevron's, Australia, Sydney

☆ Chevron accepts Australian labour tribunal's terms to end strike at LNG plants
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

A 3D printed natural gas pipeline is placed in front of displayed Chevron logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 21 (Reuters) - Chevron (CVX.N) said on Thursday it has the accepted recommendations from Australia's labor regulator to end its dispute with unions at its liquefied natural gas (LNG) facilities in Western Australia. The Fair Work Commission of Australia, which has the power to impose a settlement, "strongly recommended" parties accept its proposals to end work stoppages that began on Sept. 8 at the Gorgon and Wheatstone LNG operations. The workers at the facilities, which account for nearly 7% of global LNG supply, are backed by the Offshore Alliance - that combines the Maritime Union of Australia and Australian Workers' Union. Chevron had been negotiating with the workers for weeks alongside Australia's Woodside Energy (WDS.AX), which managed to avert the strikes last month after reaching a deal.

Persons: Dado Ruvic, Sourasis Bose, Maju Samuel, Shinjini Ganguli, Eileen Soreng Organizations: Chevron, REUTERS, Offshore Alliance, Maritime Union of Australia, Australian Workers ' Union, Australia's, Energy, Thomson Locations: Western Australia, Australia, Bengaluru

☆ Australia tribunal pushes Chevron, LNG unions to resolve wage fight
▼ + stars: | 2023-09-21 | by ( Renju Jose | ) www.reuters.com time to read: +4 min

A 3D printed natural gas pipeline is placed in front of displayed Chevron logo in this illustration taken Feb. 8, 2022. The commission's recommendations came a day after talks between Chevron and a union alliance over strikes at the Wheatstone and Gorgon facilities ended without a deal. "I strongly recommend that the parties adopt the recommendations ... which will hopefully resolve these disputes," FWC Commissioner Bernie Riordan said. The tribunal has the power to halt the strikes, which escalated to two 24-hour work stoppages over the weekend. Riordan said both Chevron and the unions "spent countless hours at the negotiating table" and the talks resulted in an agreement on the majority of provisions.

Persons: Dado Ruvic, Bernie Riordan, Riordan, Saul Kavonic, Renju Jose, Alasdair Pal, Sonali Paul Organizations: Chevron, REUTERS, SYDNEY, Thomson Locations: Australia, Sydney, Western Australia

☆ Chevron Australia strikes called off by unions at Gorgon and Wheatstone LNG plants
▼ + stars: | 2023-09-21 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Union workers have called off strikes at liquefied natural gas facilities belonging to Chevron in Australia, ending a standoff that could have affected about 7% of global LNG supply. “The Offshore Alliance will now work with Chevron to finalize the drafting of the three agreements and members will soon cease current industrial action,” it added. Workers at Chevron’s Gorgon and Wheatstone facilities began walking off the job two weeks ago over pay and other conditions. “There has not been a material impact on global LNG supply. The region has become more dependent on global LNG supplies since deliveries of pipeline gas from Russia slumped following its invasion of Ukraine in February 2022.

Persons: Wheatstone, Daniel Toleman, Wood Mackenzie, “, ” Toleman Organizations: Hong Kong CNN — Union, Chevron, Offshore Alliance, Australian Workers ’ Union, Maritime Union of Australia, Commission, Workers, Reuters, CNN, ” Locations: Hong Kong, Chevron, Australia, Wheatstone, Western Australia, Europe, Russia, Ukraine

A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. Chevron/Handout via REUTERS/File Photo Acquire Licensing RightsSummaryCompanies No changes to scheduled LNG deliveries, Chevron saysLNG exports continued over the weekend - LSEG EikonStrikes extended until mid-OctSYDNEY, Sept 18 (Reuters) - Chevron (CVX.N) said on Monday full production had resumed at its strike-hit Wheatstone liquefied natural gas (LNG) facility in Western Australia after a fault last week cut production by about one-fifth. "During (the fault), LNG continued to be produced at approximately 80% of usual rates, and vessel loading continued," a Chevron spokesperson said in an emailed statement. "There has been no change to scheduled LNG deliveries. Wheatstone has an export capacity of 8.9 million tonnes a year and Gorgon has an export capacity of 15.6 million tonnes a year.

Persons: Wheatstone, Eikon, Renju Jose, Lewis Jackson, Florence Tan, Muralikumar Anantharaman Organizations: Reuters, Chevron, Handout, REUTERS, Tanker, Offshore Alliance, Saturday, South, Thomson Locations: Wheatstone, Western Australia, SYDNEY, Japan, Australia, China, South Korea, Taiwan, Sydney, Singapore

☆ Chevron Australia LNG workers begin 24-hour strike, flag action until mid-Oct
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +2 min

The full strike comes after workers on Thursday escalated what had been six days of limited action. The company's Gorgon and Wheatstone Australian LNG facilities account for over 5% of global supply. "Chevron’s 3 West Coast facilities are descending into chaos as Offshore Alliance members lock all 3 Chevron facilities down for the next 24-hours," the union said in a Facebook post. An union representative, who declined to be identified, said the strike would run until 8am WST on Sunday (0000 GMT). Unions have said they will vary strikes according to "industrial strategy", targeting LNG exports in particular.

Persons: Sam McKeith, Lewis Jackson, Sandra Maler, Kim Coghill Organizations: Reuters, Chevron, Handout, REUTERS Acquire, Rights, Australia's Offshore Alliance, Offshore Alliance, Wheatstone, Facebook, Analysts, Thomson Locations: Chevron, Barrow Island, Australia, Coast, Sydney

"We've certainly seen Australia's reputation being affected as some existing buyers expressed interest in diversifying their suppliers for long-term supply," said Ryhana Rasidi, LNG analyst at analytics firm Kpler. "Australia is the closest gas supplier we can get. By far, Australia, U.S. and Qatar are the three pillars in LNG supply chain. As well as its political stability, its proximity to Asia might be Australia's saving grace, industry analysts say. "Ties are very strong between North Asia and Australia as a legacy supplier, so many participants are keen to continue the relationship," said Kaushal Ramesh, LNG analyst at Rystad Energy.

Persons: Inpex, Resources Madeleine King, We've, Ryhana, Jane Liao, Kaushal Ramesh, Emily Chow, Yuka Obayashi, Muyu Xu, Andrew Hayley, Joyce Lee, Lewis Jackson, Florence Tan Organizations: Reuters, Chevron, Handout, REUTERS, Rights, Workers, Japan's Kyushu Electric Power, Chevron's, Woodside Energy, West Shelf, South, Resources, Taiwan, Tohoku Electric Power, Kyushu Electric Power, Osaka Gas, Rystad Energy, Thomson Locations: Chevron, Barrow Island, Australia, Rights SINGAPORE, TOKYO, Qatar, United States, Western Australia, China, Japan, South Korea, Taiwan, Ukraine, Oman, U.S, Asia, Singapore, Tokyo, Beijing, Seoul, Sydney

☆ Chevron Australia LNG workers escalate strikes, 24-hour stoppages possible
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: +2 min

The Gorgon liquefied natural gas (LNG) and carbon capture and storage (CCS) facility, operated by Chevron Corp., on Barrow Island, Australia, on Monday, July 24, 2023. Workers at Chevron's two liquefied natural gas (LNG) projects in Australia plan to escalate industrial action from Thursday to anything from a total strike to hours-long work stoppages, their union said, increasing the risk of disrupted output from facilities accounting for over 5% of global supply. Workers at the Gorgon and Wheatstone facilities have been stopping work briefly for the past six days, after talks with Chevron over wages and working conditions broke down. The unions had said they would ratchet the pressure on the company from Thursday, possibly by completely stopping work. "We are strategically assessing the protected industrial action we need to take every 12 hours and will continue to escalate at times which align with our industrial strategy."

Persons: Wheatstone Organizations: Chevron Corp, Workers, Chevron, Traders Locations: Barrow Island, Australia, Asia

Talks between Chevron and the workers' unions broke down last week without a deal, and the industrial action is scheduled to escalate to two weeks of 24-hour stoppages on Thursday. Chevron would have to demonstrate a sustained attempt to negotiate with unions for the tribunal to rule in its favour, he added. Strikes could actually demonstrate workers were so committed to bargaining that they were willing to stop work and forgo wages, she added. "Strike action is a legitimate form of action, workers have the right to do this," she said. Any party involved can contest a FWC ruling and seek judicial review, Charles Power, partner at law firm Holding Redlich said, although a court would not again hear the facts of the case.

Persons: Australia's, Steve Purvinas, Purvinas, Shell, Shae, McCrystal, Charles Power, Redlich, Lewis Jackson, Renju Jose, Alasdair Pal, Miral Organizations: Reuters, Chevron, Handout, REUTERS Acquire, Rights, CAN, Virgin Australia, Australian Licensed Aircraft Engineers ’ Association, Virgin, Offshore Alliance, Shell, University of Sydney, Thomson Locations: Wheatstone, Western Australia, Federal, Shell, Woodside, Inpex, Sydney

☆ Chevron Australia LNG workers set to begin two-week total strikes
▼ + stars: | 2023-09-13 | by ( Renju Jose | ) www.reuters.com time to read: +2 min

[1/2] A view of Chevron-operated Gorgon project on Barrow Island, Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. Chevron/Handout via REUTERS/File Photo Acquire Licensing RightsSYDNEY, Sept 14 (Reuters) - Workers at Chevron's (CVX.N) two major liquefied natural gas (LNG) projects in Australia are set to begin total strikes for two weeks from Thursday, potentially disrupting output that accounts for more than 5% of global supply. Australia is the world's biggest LNG exporter and its main buyers are in Asia. The unions had said they would escalate to a total strike until Sept. 29, although they have discretion over how long they actually stop work. ($1 = 1.5571 Australian dollars)Reporting by Renju Jose in Sydney; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Goldman Sachs, Goldman, Renju Jose, Jamie Freed Organizations: Reuters, Chevron, Handout, REUTERS, Rights, Traders, Research, Fair, Thomson Locations: Chevron, Barrow Island, Australia, Asia, Europe, Perth, U.S, Sydney

☆ Gas markets are becoming 'extremely difficult' to predict. It's a big problem for Europe this winter
▼ + stars: | 2023-09-12 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

Aerial view of the LNG storage and vaporization vessel "Höegh Esperanza" at the Wilhelmshaven LNG terminal. European gas markets have been constantly fluctuating in recent months, owing to extreme heat, maintenance at gas plants and, most recently, industrial action at major liquefied natural gas (LNG) facilities in Australia. "Gas markets are becoming riskier — gas and LNG prices are increasingly volatile and greatly affected by global factors," Jaller-Makarewicz said. The EU reached its target of filling gas storage facilities to a 90% capacity roughly 2 1/2 months ahead of its Nov. 1 deadline. It means that we've got a pretty good buffer," Malek said, referring to Europe's filling of its gas storage facilities.

Persons: Ana Maria Jaller, seesaw, Makarewicz, Christyan Malek, Malek, CNBC's, we've, Filippo Monteforte Organizations: Getty Images Energy, Workers, LNG, Makarewicz Energy, Institute for Energy Economics, Gas, EU, Gas Infrastructure, International Energy Agency, European Union, Eurasia Group, JPMorgan, Afp, Getty Locations: Wilhelmshaven, Australia, Western Australia, Japan, China, South Korea, Asia, Europe, U.S, skyrocketing, Gas Infrastructure Europe, wean, Ukraine, Eurasia, Tuscany

A view of Chevron-operated Gorgon project on Barrow Island, Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. “Unfortunately, following numerous meetings and conciliation sessions with the Fair Work Commission, no agreement has been reached as the unions are asking for terms significantly above the market," a Chevron spokesperson said in a statement. "Until we have some case law, until we get some Fair Work Commission decisions on how the laws work, we don't know (how long the process will take)," said Shae McCrystal, a professor of labour law at the University of Sydney Law School. A subsidiary of airline Virgin Australia made the only other application under these laws in June, local media reported. No talks are scheduled between unions and Chevron, according to the FWC website.

Persons: Shae McCrystal, Roushni Nair, Lewis Jackson, Jamie Freed, Michael Perry Organizations: Reuters, Chevron, Handout, REUTERS, Fair, University of Sydney Law School, Virgin Australia, Offshore Alliance, Thomson Locations: Chevron, Barrow Island, Australia, Chevron Australia, Melbourne, U.S, Bengaluru, Sydney

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