Key facts
- Strikes at Australia's Ichthys LNG export facility are ending.
- Unions and operator Inpex reached an agreement on a new pay deal.
- Strikes are set to cease by 6 PM AWT today.
- QatarEnergy is ready to restart LNG production at Ras Laffan.
- QatarEnergy aims for 50% capacity within a month of the Strait of Hormuz reopening.
- Shipping remains a key challenge for QatarEnergy.
- Redeployment of tankers signals potential easing of the shipping bottleneck.
Strikes at Australia's Ichthys liquefied natural gas (LNG) export facility are set to end after unions and operator Inpex reached an agreement on a new pay deal. The industrial action will cease by 6 PM AWT today, concluding weeks of disruption. This resolution comes as QatarEnergy prepares to restart LNG production at its Ras Laffan facility. The company aims to reach 50% capacity within a month of the Strait of Hormuz reopening. Shipping remains a significant challenge for QatarEnergy's restart plans, although the redeployment of tankers indicates a potential easing of the current bottleneck. The reopening of the Strait of Hormuz is a critical factor for QatarEnergy to resume full operations and for global LNG supply chains to stabilize.