Unions in Australia are planning work stoppages at Chevron's LNG production facilities due to pay and condition disputes. Chevron's Gorgon and Wheatstone projects account for over 5% of global LNG capacity. The Offshore Alliance, a group of unions, has announced plans for a series of strikes at Chevron's projects, potentially costing Chevron billions of dollars. Energy analyst Saul Kavonic believes that the strikes may hinder production but will not have a significant impact on global markets.
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00:00 It's Benzinga and here's what's on the block.
00:02 Unions in Australia are planning work stoppages at Chevron's LNG production facilities due
00:07 to pay and condition disputes.
00:09 Chevron's Gorgon and Wheatstone projects account for over 5% of global LNG capacity.
00:15 The offshore alliance, a group of unions, has announced plans for a series of strikes
00:18 at Chevron's projects, which could potentially cost Chevron billions of dollars.
00:23 Energy analysts Saul Kavanick believes that the strikes may hinder production but will
00:27 not have a significant impact on global markets.
00:30 For all things money, visit Benzinga.com.
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