China LNG news
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.
Cheniere continues supplying LNG to China
According to Reuters, an executive at Cheniere has revealed that the company’s sole Chinese contract customer continues to take committed LNG supplies.
LNG will be oversupplied until mid-2020
An executive from Japan’s Inpex Corp. is predicting oversupply in the LNG market until mid-2020, at which point they expect demand from southeast Asia and India to pick up.
LNG tanker en route to China diverted due to coronavirus
According to Reuters, an LNG tanker that had been travelling to China has been diverted, most likely due to lower demand caused by the coronavirus situation.
Coronavirus epidemic impacts Chinese LNG demand
Chinese LNG buyers are expecting demand to be severely impacted by the coronavirus epidemic that is currently gripping the country.
Asian LNG prices fall to more than 10 year low
Asian LNG spot prices have dropped to their lowest level in more than 10 years, due to a mild winter impacting on demand.
Beijing Gas granted approval for LNG terminal
Beijing Gas Group has been granted state approval to build its proposed Tianjin LNG receiving terminal.
Asian LNG spot prices fall to new multi-year low
Asian LNG spot prices have fallen to a new multi-year low, with at least one cargo selling for less than US$4 per million Btu.