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.
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. Chevron said it will “continue to work through the bargaining process,” adding that strikes, initially expected earlier this week, were delayed until 1 p.m. Perth time on Friday.
Full 24-hour strikes at Chevron’s Gorgon and Wheatstone plants, which together supplied about 7% of the world’s liquefied natural gas last year, are still scheduled to run for two weeks from Sept. 14 if no resolution is reached. Another exporter, Woodside Energy Group Ltd., reached a breakthrough with unions last month at its nearby North West Shelf LNG plant.
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