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 Asian states, and Myanmar. The rest comes in the form of LNG from other parts of the world. As forb pipeline gas, one of the Reuters sources said that PetroChina has asked for cuts in daily volumes. As for LNG, according to one source, the state company had asked for a deferral of several cargoes to the third quarter. The move comes after another […]