THE PROPOSED industrial action by workers at two large liquefied natural gas or LNG plants in Australia sparked concerns over supplies and surging gas prices.
The LNG Plants are operated by US energy giant Chevron. Workers from the Wheatstone and Gorgon sites plan to conduct the strike action on September 7.
The two sites in Western Australia employ about 500 workers and produce more than 5% of the world’s LNG.
An actual strike at two major LNG export terminals in Australia would have far-reaching impacts such as possible supply squeeze and surging gas prices.
Meanwhile, news of the strike sent European gas prices to a nearly 2-month high.
Chevron last week said it will directly offer to pay its workers at its three Australian LNG facilities to avoid pending strike action.
