Singapore — The Chinese government’s decision to offer force majeure certificates to domestic companies if they are unable to meet their international contractual obligations due to the coronavirus outbreak has caused uncertainty in the LNG market. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The announcement by the China Council for the Promotion of International Trade has sparked questions among LNG market participants about the duration, details and market impact. CCPIT was unavailable for comment. Some market participants said the measure could affect shipments due to arrive in February, others said it would apply until the outbreak was considered to have eased. It was also what exactly constituted a buyer’s “inability to fulfill their international contractual obligations.” A couple of Chinese end-users reported that while port closures had not been put in place for the most of the country, there were other circumstances under which […]