Unions threaten to stop Inpex Ichthys LNG loadings from next week - Reuters
1 min read
The story
Australian unions are threatening to halt LNG loadings at Inpex's Ichthys facility starting next week, putting one of the world's largest LNG projects at risk of a supply disruption. Ichthys produces ~8.9 mtpa and any stoppage could spike spot Asian LNG prices and benefit competing LNG exporters like Shell, Woodside, and US LNG operators.
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The case — both sides
Angle
↑ LONG+4% target-3% stop1-2 weeks tactical, tied to strike resolution timelineJul 28 '25
Long Woodside (WDS) and Cheniere (LNG) as Ichthys disruption risk tightens Asian LNG spot supply and redirects buying to competing exporters.
4 stocks · % change · 3 monthsaverage+2.1%
WDS+1.2%SHEL+4.2%LNG-0.3%CQP+3.1%Average
Names in play
1
WDS100
2
LNG80
3
SHEL53
The house read
Long Woodside (WDS) and Cheniere (LNG) as Ichthys disruption risk tightens Asian LNG spot supply and redirects buying to competing exporters.
Wrong ifUnions reach a deal quickly before any loading is actually stopped, collapsing the spot LNG premium and reversing the sympathy trade in WDS and LNG within hours of the announcement.
Published read · research, not advice