Inpex LNG Workers Vote on Pay Deal Amid Strike Risk

Inpex workers vote on a new pay deal this Friday as strike risks grow. The potential action comes while global LNG supplies face significant constraints.

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Workers at the Ichthys liquefied natural gas (LNG) facility, operated by INPEX CORP, are scheduled to finish voting this Friday on a new employment agreement. The outcome of the ballot in Australia is critical, as a rejection of the deal could trigger strike action at the 9.3 million metric ton plant. This labor tension arrives as global energy markets face significant pressure following the outbreak of war in Iran, which has disrupted more than 20% of the world's LNG supply due to the closure of the Strait of Hormuz since February 28.

An industrial storage facility for the Ichthys offshore project located in Darwin, Australia, photographed in April 2017. REUTERS/Tom Westbrook/File Photo
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