Natural Gas Intel: LNG Weekly Recap: Coronavirus Continuing to Impact Demand Outlook

10 February 2020

Ship brokerage and consultancy Poten and Partners said as many as 35 February cargoes could be subject to force majeure, with at least five already diverted. China National Offshore Oil Corp. (CNOOC) declared force majeure last week because of the virus and impacts to downstream demand. State-owned PetroChina and China Petroleum and Chemical Corp., aka Sinopec, had not yet declared force majeure but along with other importers in the country were first aiming to delay or divert cargoes set to arrive through April, Poten said.

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