Jun. 16 at 5:29 PM
Following the tribunal's ruling, Australia's Offshore Alliance union officially announced it is extending industrial action until July 6, 2026
The strikes were originally scheduled to end on June 23
The Ichthys LNG facility near Darwin produces 9.3M metric tons of LNG per year - of which Japan buys 5.7M tons of that
Japan's Industry Minister is now personally monitoring the situation & scrambling for contingency supply
Japan spent decades building a diversified supply strategy: Qatar, Australia, & US specifically to avoid depending on any 1 source, however, 2 of those 3 are simultaneously under pressure
Note: B/n June 10-14, MarineTraffic recorded just 34 vessel crossings thru the strait - only 1 was a LNG tanker
$VG $LNG -
$EWJ $EWA