A roundup of news and commentary from NGI’s LNG Insight

  • Workers at the Gorgon and Wheatstone LNG terminals in Western Australia rejected a pay package proposed by Chevron Corp. The proposal did not have the approval of union representatives last week, when Chevron took it directly to employees. 
  • Chevron has now asked Australia’s Fair Work Commission to help mediate negotiations with the unions, which are scheduled to start a strike Thursday (Sept. 7) with periodic work stoppages. The export terminals represent about 5% of the world’s liquefaction capacity.
  • Santos Ltd. has agreed to sell a 2.6% stake in the Papua New Guinea LNG terminal to state-owned Kumul Petroleum Holdings Ltd. for $576 million. Kumul has an option to buy another 2.4% in the 8.3 million metric tons/year...