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PetroChina declares force majeure on some natural gas imports

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LNG Industry,

Reuters is reporting that PetroChina has suspended some of its natural gas contracts, including both LNG and pipeline imports.

According to the report, the company has issued a force majeure notice to its suppliers of pipeline gas, in addition to at least one LNG supplier, however details of the notice have not yet been confirmed.

This action has been prompted due to a severe seasonal decline in demand, which has compounded the ongoing impact of the coronavirus outbreak on consumption.

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