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Asia Pacific Tankers and Gas LNG

Australian LNG feels brunt of China’s force majeure declarations

CNOOC has declared force majeure on up to half its February cargoes. It has standing long-term offtake contracts with Australia’s Queensland Curtis LNG and the North West Shelf joint venture

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Almost half of China’s LNG imports come from Australia, according to Poten & Partners. As a result, Australian LNG is thought to be most vulnerable to China’s force majeure declarations

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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