Workers at Chevron Corporation (NYSE:CVX)-operated liquified natural gas (LNG) terminals in Australia are reportedly mulling renewed strike action in a spat with the employer over pay.
Having paused strikes just two weeks ago, unions have now accused Chevron of scaling back its offer for workers, prompting warnings of further industrial action.
“Chevron have reneged on the commitment they gave,” union coalition the Offshore Alliance said in a Facebook post.
“The Offshore Alliance will be recommending members push back against [...] Chevron.”
Chevron’s Wheatstone and Gorgon facilities, where the dispute has taken place, are said to account for between 5% and 7% of the world's supply of LNG.
Initial speculation of the strikes had caused gas prices to soar in August, though workers from Woodside Energy Group Ltd (ASX:WDS, LSE:WDS, OTC:WOPEF)’s sites had also been threatening walkouts.
“We have accepted the recommendation of the Fair Work Commission,” a Chevron spokesperson told local media, pointing to Australia’s industrial arbitrator.
“We continue to work with all parties to finalise the drafting process based on the recommendation,” they added.
Wholesale gas prices have risen by 13.3% over the past month to 92.27p per British thermal unit.