{"id":109847,"title":"Gas prices rise as workers begin strikes at two key Chevron facilities in Australia","publisher":"Share Talk","author":"sharetalk","published":"2023-09-08T07:24:10+00:00","modified":"2023-09-08T07:24:10+00:00","canonical_url":"https://www.share-talk.com/gas-prices-rise-as-workers-begin-strikes-at-two-key-chevron-facilities-in-australia/","markdown_url":"https://www.share-talk.com/gas-prices-rise-as-workers-begin-strikes-at-two-key-chevron-facilities-in-australia.md","json_url":"https://www.share-talk.com/gas-prices-rise-as-workers-begin-strikes-at-two-key-chevron-facilities-in-australia.json","category":"Energy","categories":["Energy"],"tags":["Chevron","china","EU","European","European Union","exports","Far East","G7","gas","Gorgon","Japan","Liquified","LNG","Prices","Russian","Sakhalin-2","Saul Kavonic","Share Talk","South Korea","Western Australia","Wheatstone","Wheatstone offshore","Woodside Energy Group"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&ssl=1","format":"news","language":"en-GB","content":"European gas prices have surged as employees at two prominent Chevron sites in Australia initiated limited strikes following unsuccessful negotiations.\n\nDutch benchmark futures climbed up to 11% reaching €36 per megawatt-hour following the news about strikes at the Gorgon and Wheatstone LNG plants. These facilities provided about 7% of the world’s liquified natural gas in the previous year.\n\nThe workers intend to undertake around 20 different actions, such as halts and prohibitions on particular duties, as stated by the Offshore Alliance, a consortium of leading unions.\n\nRecent news about the expected strikes has rattled the international gas market, causing a significant price hike. Union representatives had earlier warned of disrupting the firm’s processes.\n\nThe Offshore Alliance commented that the global energy behemoth will “face its moment of truth,” stating, “The ball’s in your court now, Chevron.”\n\nAustralia stands as the largest LNG exporter globally, primarily serving Asian markets. Concerns over salary and working conditions at Chevron’s Gorgon and Wheatstone facilities have bolstered gas prices in Britain and Europe. Traders are apprehensive that reduced supplies from Australia might heighten the demand for alternative sources of this super-cooled fuel."}