Australia Labor Strikes Risk 10% of Global LNG in Threat of New Energy Shock
- Australia action would curb exports and send prices higher
- Chevron, Woodside in talks aimed at averting disruptions
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Potential strikes at three major liquefied natural gas facilities in Australia could disrupt about 10% of global exports of the fuel and deliver a new energy price shock across Asia and Europe.
Workers at Chevron Corp. and Woodside Energy Group Ltd. facilities in Australia have voted to approve industrial action at the North West Shelf, Wheatstone and Gorgon operations, and some walkouts could begin as soon as next week under labor rules.