Chevron's Australia LNG Operations at Risk as Union Strike Intensifies

Chevron's liquefied natural gas (LNG) production facilities in Australia, which account for over 5% of global LNG capacity, could face daily work stoppages of up to 10 hours next week as unions threaten labour action over pay and conditions. The Gorgon and Wheatstone projects may experience escalating stoppages from September 7, potentially impacting Chevron's operations and LNG exports. The unions aim to increase the intensity of the disruptions until Chevron meets their bargaining claim. The potential strikes have already caused a surge in European natural gas prices.