Updated
Updated · Bloomberg · Jun 17
Australia LNG Unions Reach Deal With Inpex to End Ichthys Strikes by 6 p.m. Wednesday
Updated
Updated · Bloomberg · Jun 17

Australia LNG Unions Reach Deal With Inpex to End Ichthys Strikes by 6 p.m. Wednesday

3 articles · Updated · Bloomberg · Jun 17

Summary

  • Unions at Inpex’s Ichthys LNG export facility said all strike action will cease by 6 p.m. Wednesday after reaching an agreement with the Japanese producer.
  • Zach Duncalfe, national vice president of the Australian Workers’ Union, confirmed the deal by email, while the Offshore Alliance said it had formally notified Inpex of the stoppage’s end.
  • The agreement closes weeks of industrial action at one of Australia’s liquefied natural gas export plants, easing an immediate labor dispute at the Ichthys project.

Insights

As one strike ends, will this 'major victory' trigger new labor disputes across Australia's critical energy sector?
With Australian LNG supply secured, can the global market withstand the Middle East crisis without another price shock?