Chevron LNG Talks Drag Into Friday

The transcript discusses ongoing negotiations between two parties, with a focus on the offshore alliance and Chevron. Talks have been extended with a new deadline set for 1:00 PM Perth time. If unresolved, strike actions are planned, starting with intermittent actions and leading to full strikes from September 14th. The Gorgon and Wheatstone LNG plants, responsible for 7% of global LNG supply, are central to the dispute. The potential impact on global markets, especially in Asia and Europe, is significant. The offshore alliance is using combative language, indicating a wide gap between the parties.

How might the ongoing strikes affect the global LNG supply according to the text?

What role does the offshore alliance play in the current situation?