Workers at LNG projects go on strike
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 8 September 2023
⏱️ 7 minutes
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Summary
From the BBC World Service: Workers are striking at Chevron Australia Liquid Natural Gas projects. The action could disrupt output from facilities that account for over 5% of global supply. Indian authorities have come in for criticism over efforts to spruce up the capital Delhi ahead of the G20 meeting this weekend. Unlike in the U.S., workers in Singapore have been returning to the office en-masse and city centers are booming. In London, 140,000 people have visited Sotheby’s auction house to view items that belonged to the late Queen singer, Freddie Mercury; his piano and handwritten lyrics have sold for millions.
Transcript
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| 0:00.0 | Natural gas prices jump as Australian workers choose to strike live from the BBC World |
| 0:06.8 | Service. |
| 0:07.8 | This is the Marketplace Morning Report. |
| 0:09.2 | Will Bain in for Leana today, thanks for rounding out the week with us. |
| 0:13.0 | Yeah, the US Energy Major Chevron has a headache this morning as workers at its liquefied |
| 0:18.0 | natural gas plants in Western Australia have just walked off the job. |
| 0:21.9 | A potential problem too for global gas prices. |
| 0:25.3 | The two sites near Perth produce around 5% of the world's LNG supply. |
| 0:29.5 | The BBC's Katie Silver has more. |
| 0:31.3 | So we got confirmation from the union, I spoke with the union representative who said indeed |
| 0:36.1 | the strike is going ahead, it's due to last for 11 hours today. |
| 0:40.0 | And we've also heard from Chevron who is the company that owns these two plants, a |
| 0:44.6 | statement saying that throughout this process we bargained in good faith and sought to reach |
| 0:49.4 | an agreement that achieves a market competitive outcome, they say they're going to continue |
| 0:53.9 | to take steps and try to maintain safe and reliable operations during this time. |
| 0:59.3 | So as I say, it's due to go for 11 hours today and that is going to be rolling stoppages |
| 1:04.0 | that are over the next five days. |
| 1:06.2 | And then if they still haven't reached an agreement, at this point the union says that |
| 1:10.1 | they're going to launch a full strike that would last for two weeks. |
| 1:13.9 | And so as part of all of this, of course, we're seeing it have a big impact really when |
| 1:17.6 | it comes to gas prices around the world, Australia counts for about 5% of global LNG capacity |
| 1:24.9 | sorry, these two specific plants, Australia is a big player in this space. |
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