Inpex Reaches Deal to End Ichthys LNG Strike, Resuming Output

Inpex reached a deal with the Offshore Alliance to end industrial action at the Ichthys LNG project. The agreement follows prolonged negotiations. Production at the Darwin facility will resume.

The Ichthys terminal is one of Australia's largest LNG export facilities, with an annual capacity of 8.9 million tonnes. The strike had curtailed output and disrupted shipments to Asian buyers. The Offshore Alliance represents workers across offshore oil and gas operations. The deal covers wages and conditions for union members.

The resolution removes a key supply risk from the global LNG market. Australia is the world's top LNG exporter, and Ichthys accounts for a significant share. Inpex said the deal ends the dispute and allows operations to return to normal. The company will now work to restore full production.

The agreement was reached after several rounds of talks this week. Inpex and the union are expected to provide further details on the timeline for full recovery in the coming days.