PetroChina Declares Force Majeure On Gas Imports

PetroChina, the largest importer of natural gas, has declared a force majeure on all imports, including of liquefied natural gas, unnamed sources told Reuters, without providing any details except that the move was prompted by the coronavirus outbreak. “The supply cuts will fall on suppliers proportionately but LNG suppliers will have a lesser impact versus those on piped gas”, one of the sources said. China imports 40 percent of the natural gas it consumes, with 70 percent coming via pipelines from Russia, Kazakhstan, other Central…