Chevron workers escalate strikes, putting global gas supplies at risk

Workers at Chevron’s two liquified natural gas plants in Australia — which accounted for 7% of global LNG supply last year — escalated their strikes, union representatives said. Workers may soon go on a total strike or hours-long work stoppages ahead of a tribunal hearing. Meanwhile, a fault at one of the plants temporarily shut output by 25% on Wednesday. LNG prices have risen on the back of the strikes, while analysts are bracing for increased volatility in gas markets in the months ahead.

While Chevron is betting on a swift resolution of…