Woodside, unions reach deal at Australian LNG facility, workers meet to ratify

on Thursday reached an in-principle agreement with unions at Australia's largest liquefied natural gas project, potentially averting a disruption to supplies from the world's biggest exporter of the super-chilled fuel.

Both Woodside and the union alliance representing workers at the offshore platforms of its North West Shelf facility announced the initial deal in separate statements after a round of talks both sides deemed positive. "It's pleasing that Woodside has made our members a strong offer without industrial action being taken," union alliance spokesperson Brad Gandy said in a statement."Substantial progress was made at talks held on Wednesday and the parties have reached in-principle agreement on a number of issues that are key to the workforce," it added.

Energy analyst Saul Kavonic said there was still a risk of industrial action at Chevron's facilities, but it was unlikely to significantly disrupt supplies.

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