Australian labor unions have called off strike action at the Gorgon and Wheatstone LNG terminals after members gave initial approval for an agreement with Chevron Corp. Union members at Chevron operated liquefied natural gas terminals and offshore platforms had previously planned to start work stoppages as soon as Thursday after accusing Chevron of reneging on…
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Squeezed by Plant Outages, Asia’s LNG Buyers Return to Spot Market for Replacement Cargoes
Asian liquefied natural gas (LNG) offtakers that have contracts with Malaysia’s state-owned Petroliam Nasional Berhad, aka Petronas, are looking to cover peak winter demand after cargoes were canceled and deferred from the Bintulu LNG complex in Sarawak. With a colder-than-normal winter predicted for Asia, plus recent unplanned outages at Australia’s Gorgon LNG and the Prelude…
December 9, 2021