Chinese Firm Offers Force Majeure on Gas Imports! Threat To US LNG?

• US LNG might face minimal threat from PetroChina force majeure on gas imports.
• Declaration to put further pressure on an already depressed market due to weaker than expected demand and low international prices.
• Cheniere Energy Inc. has two long-term contracts with PetroChina for a combined 1.2 million tonnes per annum of LNG. 
• Cheniere’s contracts are typically robust and able to accommodate flexibility.
• The biggest U.S. LNG exporter said that it was notified of cancellations of two loadings...

http://mfame.guru/chinese-firm-offers-force-majeure-on-gas-imports-threat-to-us-lng/