Chevron Agrees to Regulator’s Plan to End Australia LNG Strikes

Chevron Corp. agreed to a deal proposed by an Australian regulator to end strikes at key natural gas export facilities, while the unions continue to review the plan.

If the unions also endorse the agreement, then it would end industrial action at the Gorgon and Wheatstone facilities that has roiled global gas markets.

Chevron accepted the recommended agreement from Australia’s Fair Work Commission, according to a statement from the company. The nation’s labor regulator put forward a new proposal to resolve remaining disputes on Thursday, with the unions having until 9 a.m. Sydney time on Friday to respond.

If the ...