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
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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