Via Bloomie:
China National Petroleum Corp. has issued a force majeure on all prompt natural gas imports, according to people with knowledge of the situation, the second Chinese buyer to refuse shipments in a sign that global commodity flows may face a sustained impact from the coronavirus fight.
CNPC, the parent of PetroChina Co., is taking the extreme step after initially working with sellers to reschedule shipments, and plans to cancel contracted deliveries of the fuel both as liquefied natural gas and via pipelines in the short-term, said the people, who asked not to be identified as the information isn’t public. At least one LNG supplier had been notified, the people said.
