Key facts
- Inpex shut one of two LNG production trains at its Ichthys plant in Australia.
- The shutdown is due to a strike by workers.
- The Australian regulator denied Inpex's request to halt the industrial action.
- The strike is expected to impact exports.
- The strike began on August 24.
- Workers are seeking a 12% pay rise and improved conditions.
- The Ichthys facility is a major supplier of LNG to Japan and other Asian markets.
Inpex has shut down one of its two liquefied natural gas (LNG) production trains at the Ichthys plant in Australia due to an ongoing strike. The company had requested the Australian regulator to halt the industrial action, but the request was denied. This shutdown is expected to impact the plant's exports. The strike, which commenced on August 24, involves workers demanding a 12% pay increase and better working conditions. The Ichthys facility is a significant supplier of LNG to Japan and other Asian markets, and the prolonged strike could lead to disruptions in supply chains and potentially affect energy prices in the region. Negotiations between Inpex and the striking workers are ongoing, with both parties aiming to reach a resolution that addresses the workers' demands while ensuring the operational continuity of the plant.