{"id":2041401,"date":"2023-09-22T12:39:02","date_gmt":"2023-09-22T16:39:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/explainer-chevron-australia-lng-workers-start-strike-what-happens-now\/"},"modified":"2023-09-22T12:41:42","modified_gmt":"2023-09-22T16:41:42","slug":"explainer-chevron-australia-lng-workers-start-strike-what-happens-now","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/explainer-chevron-australia-lng-workers-start-strike-what-happens-now\/","title":{"rendered":"Chevron Australia LNG workers commence strike. What&#8217;s next?"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fexplainer-chevron-australia-lng-workers-start-strike-what-happens-now%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2041401&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<p><strong>Workers at\u2062 Chevron&#8217;s Australian LNG Projects Go on \u2062Strike<\/strong><\/p>\n<p>By Emily Chow and Lewis Jackson<\/p>\n<p>In a major development, workers at Chevron&#8217;s \u2062<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-releases-list-of-president-trumps-accomplishments-and-it-is-historic\/\" title=\"White House Releases List of President Trump\u2019s Accomplishments \u2013  And It Is Historic!\">liquefied natural gas<\/a> (LNG) projects in Australia, responsible for 5.1% of the world&#8217;s LNG supply, have gone on \u200cstrike after failed mediation talks. This strike could have significant implications for the global \u2064LNG market.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<h2>What&#8217;s Next?<\/h2>\n<p>The unions have started with short work stoppages and bans on\u2063 certain tasks, but\u200b they plan to escalate to a\u2063 total strike within two weeks if an agreement is not reached. Workers will \u2064stop work for up \u200dto 11 hours \u200cper day and refuse to perform\u200b certain tasks \u200buntil next Wednesday. If no deal is reached by then, they will completely stop work for two weeks.<\/p>\n<p>No further talks are planned at the moment, and the\u2063 unions are prepared for extensive industrial action.<\/p>\n<p>Chevron has\u2063 stated that it will take steps to maintain operations in\u200d case of any disruptions, \u2063but has not \u200cprovided specific details.<\/p>\n<h2>What Will be \u200bthe Impact on Price and Output?<\/h2>\n<p>Australia was the world&#8217;s largest LNG exporter last \u200cyear, and Chevron&#8217;s Gorgon and Wheatstone facilities primarily export\u2064 to\u2062 Japan, South Korea, China, and \u2062Taiwan. The\u200b National Australia\u2062 Bank \u200c(NAB) analyst, Baden Moore, expects\u2062 some <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/explainer-chevron-australia-lng-workers-start-strike-what-happens-now\/\" title=\"Chevron Australia LNG workers commence strike. What's next?\">short-term spot \u200cprice volatility<\/a> if there \u200dis an \u2063unscheduled \u2063outage, but the duration of the\u2062 strike will be critical.<\/p>\n<p>Preliminary calculations suggest that the work stoppages until September 14th would remove around \u200d95,000 tons of LNG output from the market. A full-scale strike would \u200bhave a wider-ranging impact \u2063on output.<\/p>\n<h2>How Long Will the Industrial Action Last?<\/h2>\n<p>Industry experts believe that the risk of a prolonged strike is low,\u2063 citing the short delays in starting action and the recent resolution of a similar impasse with LNG workers at Woodside Energy \u2064Group. The \u200dnegotiations between Woodside and \u2063the unions could provide a benchmark for finalizing terms with Chevron.<\/p>\n<h2>What&#8217;s at Stake for LNG Markets?<\/h2>\n<p>A\u200c prolonged\u2062 strike could disrupt LNG exports and lead to higher prices for the super-chilled fuel, \u200bwhich is used for electricity generation.\u200b The recent labor unrest in Australia\u2062 has \u2063already caused volatility in European gas prices.<\/p>\n<h2>What&#8217;s the\u200b Disagreement?<\/h2>\n<p>The two sides \u2062are in disagreement over issues such as pay, job security, rosters, and rules around\u200c overtime and transfers between Chevron \u2063facilities. Chevron claims that the unions&#8217; demands go beyond industry standards, while\u200b the unions argue that their pay\u200d demands are in line with\u2064 agreements at \u2064other LNG \u2064facilities.<\/p>\n<p>(Reporting by Emily Chow, Lewis\u2063 Jackson and Florence Tan; Editing by Tony \u200dMunroe and Miral \u200cFahmy)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/explainer-chevron-australia-lng-workers\/attachment\/a-general-view-of-chevrons-wheatstone-lng-facility\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Matt \u200cMarcenelle <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with \u200bAly Legge<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with\u200b Dr. Pierre Kory<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Roman Balmakov<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>WASHINGTON (Reuters) \u2013 The United States argued on Tuesday that Alphabet Inc&#8217;s \u200dGoogle broke the law in its efforts to \u2064dominate online\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By David Shepardson\u2063 WASHINGTON (Reuters) \u2013 The U.S. Senate&#8217;s top Democrat is bringing U.S. technology leaders including Tesla CEO\u200b Elon\u200b Musk, Meta\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By \u200dJohn Revill ZURICH (Reuters) \u2064\u2013 ABB is spending $280 million \u200con a new robotics factory in Sweden,\u200c the Swiss engineering and\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>PARIS (Reuters) \u2062\u2013 French Europe Minister Laurence Boon on Wednesday welcomed\u200b an anti-subsidy investigation into Chinese electric vehicles launched by the \u200cEU\u2026 <\/p>\n<\/p><\/div>\n<p> \u200drnrn  <\/p>\n<h2> What are the potential consequences \u200cof a prolonged strike \u2062at Chevron&#8217;s Australian LNG projects on global LNG prices, particularly in the Asian market?<\/h2>\n<p><span>  To \u200ca decrease in global LNG supply. This \u200ccould \u200dpotentially result in an \u2062increase\u200c in LNG prices, particularly in the \u2062Asian market where Australia is a major supplier. <\/p>\n<p>Australia&#8217;s LNG industry plays\u200c a crucial role in meeting global energy demand, with Chevron&#8217;s projects \u200cbeing a significant contributor. The Gorgon and Wheatstone facilities have a combined production \u2064capacity of 29.3 million \u2063metric tons per\u2063 year, making them important\u200b players in the LNG\u200c market.<\/p>\n<p>The strike by Chevron&#8217;s workers is driven by demands for better\u2063 pay and working\u2064 conditions. The\u200d unions have already initiated short\u200c work stoppages\u2064 and bans on certain tasks, indicating their determination\u200d to achieve their goals. If an agreement is not reached within two weeks, they plan to escalate to a total strike, which\u2063 could\u200d have far-reaching consequences.<\/p>\n<p>Chevron has acknowledged\u200c the potential disruptions and has \u200bstated its intention to maintain operations. However, specific details of \u200btheir contingency plans\u200d have not been provided. It remains uncertain\u200b how effectively Chevron can \u2062continue production in the face of \u2062a prolonged strike.<\/p>\n<p>The impact on LNG prices and output will depend \u2064on the duration of the industrial action. Short-term spot \u2064price volatility is \u200bexpected if there are unscheduled outages, but the full-scale strike would\u2064 have a more \u2064significant\u200c and\u200c long-lasting impact \u2064on output. Preliminary estimates suggest that the work stoppages until September 14th would \u2062remove around \u206295,000 \u2064tons of LNG from the market. If a full-scale strike were to occur, the effects on output would be even\u200c more substantial.<\/p>\n<p>Industry experts believe that the risk of a prolonged strike is low, referring to the quick initiation of action and the \u200drecent successful resolution of a similar situation\u2062 with Woodside Energy Group. The negotiations between Woodside and the unions could serve as a benchmark for reaching a \u2063resolution with Chevron.<\/p>\n<p>The implications \u200bfor LNG markets are significant. A prolonged strike could disrupt Australia&#8217;s LNG exports, affecting global supply \u200cchains and potentially\u200d leading \u200bto shortages \u200bin certain regions. Given the importance of Chevron&#8217;s projects in the global LNG market, their absence would be keenly \u2063felt. The impact on\u2064 prices would depend \u200don how quickly alternative supply\u2064 sources can make up for the shortfall.<\/p>\n<p>In \u200bconclusion, the strike by workers at Chevron&#8217;s Australian LNG projects has the potential\u200d to significantly impact the global \u200dLNG market. The \u200dduration of \u2063the industrial action will determine the extent of the disruptions and the resulting effects on prices and output. It \u2062remains to be seen how Chevron and\u2064 the unions will negotiate \u200dand reach an agreement to avoid further escalation and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/thousands-of-marginalized-students-are-missing-from-virtual-learning\/\" title=\"\u2018Thousands\u2019 Of Marginalized Students Are Missing From Virtual Learning\">potential long-term consequences<\/a> for the industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Workers at Chevron&#8217;s Australian LNG projects, responsible for 5.1% of global supply, went on strike after failed mediation talks. Unions initiated action with work stoppages and bans.<\/p>\n","protected":false},"author":66,"featured_media":2041402,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2041401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2041401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2041401"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2041401\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2041402"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2041401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2041401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2041401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}