Australian LNG producers face potential industrial action as maintenance contractors demand improved wages and working conditions. Woodside Energy Group Ltd. faces possible strikes at its Karratha Gas Plant and Pluto facilities.
Inpex Corp. workers at the Ichthys LNG project may strike if a final bargaining meeting today, May 15, fails to reach a resolution. The Fair Work Commission is mediating the dispute to prevent a repeat of the 2023 Chevron Corp. strikes that triggered global price spikes.
The Ichthys facility alone provides approximately 2% of the world's LNG supply. Australian producers are currently operating near maximum capacity as Asian buyers seek alternatives to Middle East energy flows.