Wheatstone LNG
LNG market braces for Australian strikes
Significant capacity is affected, but the market impact may prove limited
Workers at Chevron’s Australian LNG facilities have started industrial action after talks to avert strikes failed. The Offshore Alliance (OA)—which combines the Australian Workers' Union and the Maritime Union of Australia—had planned full, 24-hour work stoppages at the Chevron-operated Gorgon and Wheatstone LNG facilities from 7 September onwards, for at least 14 days. The start of industrial action was subsequently postponed until 1pm Western Australian time on 8 September. Gorgon is a mammoth 15.6mt/yr facility, and Wheatstone’s capacity is a not inconsiderable 8.9mt/yr, putting their combined output at 6.1% of global supply on an annualised basis. A two-week strike could mean a loss of “
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
