LNG

Global natural gas prices remained flat even as Australian labor unions prepared to have all-out strikes from September 14 at the Gorgon and Wheatstone LNG export plants as mediation talks were still taking place in Perth in Western Australia.

The Australian Fair Work Commission (FWC), a government-sponsored mediation service in disputes between labor unions and management, has begun talks to avoid the shutdown of the Gorgon and Wheatstone liquefied natural gas export plants in Western Australia with a combined 25 million tonnes per annum of output.