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

Mon, Mar 02, 2020 - 5:50 AM

Annabeth Leowleowhma@sph.com.sg@AnnabethLeowBT

"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...