Chevron LNG Talks Drag Into Friday While Unions Say Deal Unlikely
- Strikes at plants in Australia won’t start until 1pm Friday
- Gas prices rise as traders await the outcome of talks
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Talks between Chevron Corp. and labor unions in Australia are set to drag into Friday — keeping natural gas markets on edge — as unions said a deal to avert strikes is unlikely.
Thursday’s discussions ended at 10 p.m. Perth time, so negotiators have just the morning of Friday to try to clinch a deal before a new 1 p.m. deadline. Offshore Alliance, representing the workers, considers the package provided by Chevron underwhelming and it’s very unlikely they will reach an agreement, according to a union representative who asked not to be identified in line with policy.