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Looming strike in Australia rattles global energy markets
- Australian gas producer Woodside is making a last-minute attempt to prevent a workers' strike that could disrupt global energy markets. European natural gas prices spiked after workers voted to down tools at Woodside's offshore rigs in Western Australia.
- Woodside will return to the bargaining table to try and stop the strike, which may begin as early as next week. Energy giant Chevron, whose staff are also considering striking, could see "hundreds of millions of dollars" in gas exports at risk, according to the Australian Workers Union.
- The union is seeking better conditions for workers on offshore platforms.
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Fears of global energy market disruptions as Australia’s largest LNG plants threaten to strike
There are fresh fears of disruptions to the global energy market after workers at three of Australia's biggest LNG plants threatened to strike. Workers at Woodside's North West Shelf facility have voted to take industrial action, while workers at two other WA facilities will also vote on potential action. The three plants contribute around 11 per cent of the global LNG supply.
·Australia
Read Full ArticleAustralia Labor Strikes Risk 10% of Global LNG in Threat of New Energy Shock
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.
·United States
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Total News Sources10
Leaning Left2Leaning Right3Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 33%
C 17%
R 50%
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