Australian Strike Could Worsen World's Already Strained LNG Markets

An Australian trade union is threatening to start a strike at an LNG export facility from May 27, in a two-week-long industrial action that could further tighten the global LNG supply, which is already stretched thin amid the Iran war and the closed Strait of Hormuz. The Offshore Alliance union, the Australian Workers Union, and Maritime Union of Australia, on Monday notified Japanese company Inpex there could be 243 stoppages and work bans at Inpex’s Ichthys LNG facilities between May 27 and June 10, after the unions and the company failed…