Chevron Australia averts renewed strikes

But the gas markets remain jittery amid a range of other risk factors

Chevron and an alliance of unions have reached a deal that averts renewed industrial action at the major’s Australian LNG facilities. But even with the strike cancelled, recent price movements once again highlight the globally interconnected nature of the gas market since Russia’s invasion of Ukraine. Members of the Offshore Alliance (OA)—which brings together the Australian Workers' Union and the Maritime Union of Australia—voted on 18 October to suspend planned strikes, which followed a previous round of industrial action back in September. And OA members subsequently opted to vote in favour of new Enterprise Agreements covering employment rights and conditions, which the alliance said wil