China LNG news
Coronavirus epidemic diverts LNG tankers
Four LNG tankers en route to North Asia have been diverted due to the Coronavirus outbreak in China.
Qatar re-routing cargoes to China after coronavirus
According to Reuters, Qatari energy companies are actively engaged in accommodating both rescheduling and re-routing requests on some deliveries of Qatari oil and gas cargoes to China after the coronavirus outbreak.
Coronavirus affecting Woodside’s ability to sign gas deals
According to Reuters, Woodside Petroleum Ltd has announced that the coronavirus outbreak is affecting its ability to sign gas deals and sell stakes in a key growth project, reporting a 25% decrease in annual underlying profit.
China likely to shun US LNG despite multi-billion trade deal
Rystad Energy is expecting LNG trading between the US and China to remain low, despite also predicting that tariffs on trade between the two countries will be removed in the near future.
Gazprom hopes China will buy US LNG, not Europe
After the signing of a trade deal between Washington and Beijing, Gazprom is hopeful that China will purchase the majority of US-produced LNG cargoes, not Europe.
Chinese LNG demand set to be slashed by Coronavirus
According to Rystad, the Coronavirus is set to slash Chinese LNG demand, however the removal of the US LNG tariff could save the day.
US LNG share prices fall amid Chinese demand slump
US LNG company share values have declined as China has begun suspending purchases amid weaker demand and record low spot prices.
Total rejects Chinese LNG buyer’s force majeure notice
Reuters is reporting that Total has rejected a force majeure notice issued by a Chinese LNG buyer.
Haynes and Boone partners comment on CNOOC declaration of force majeure
Following the news that China National Offshore Oil Corp. has invoked force majeure on several LNG deliveries, Rob Patterson and Myles Mantle, London Partners at law firm Haynes and Boone, have offered their insights.
CNOOC declares force majeure on some LNG deliveries
According to Reuters, China National Offshore Oil Corp. has declared force majeure on several prompt LNG deliveries from at least three different suppliers.