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BT EXCLUSIVE: VIRUS OUTBREAK
Force majeure is new 'abracadabra' amid Covid-19
But lawyers warn that it is not a 'get out of jail free' card for energy players, despite low prices and soft demand
"Force majeure" has become a new watchword, with energy supply chain players scrambling to weigh their legal options as Chinese buyers get leery of prior purchase commitments, in the fallout from Covid-19.
PHOTO: BLOOMBERG
Singapore
"FORCE majeure" has become a new watchword, with energy supply chain players scrambling to weigh their legal options as Chinese buyers get leery of prior purchase commitments, in the fallout from Covid-19.
Weaker demand for products like oil and liquefied natural gas (LNG...
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