Global Gas Markets Get Another Boost as Australian LNG Strike Ends

A weeks-long strike action at the Ichthys LNG facilities in Australia is coming to an end after trade unions and Japanese energy company Inpex reached an agreement on pay and benefits.

More than 430 members of the Offshore Alliance, AWU, and ETU trade unions early on Wednesday endorsed a settlement with Ichthys LNG operator Inpex, ending the dispute that on Tuesday had shut down Train 1 at the facility, Offshore Alliance said.

The end of the industrial action, which began on June 3, comes as a relief to the global LNG and gas markets, which have…