# Cheniere Chief Says Price Negotiations, Force Majeures Off the Table During Pandemic

> Cheniere Energy said it earned $53 million in first-quarter revenue from customers that cancelled LNG cargoes and paid fees instead. CEO Jack Fusco said the company's long-term contracts do not allow renegotiation or pandemic-related force majeure.

- Date: 2020-04-30 · published 2020-04-30T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/53827-cheniere-chief-says-price-negotiations-force-majeures-off-the-table-during
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Cargo cancellations and firm contract terms show LNG export flows are holding up under weak prices, which limits how much extra supply pressure reaches the market.

## Read by commodity

- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-05-01 | [COMMENTARY: Asia takes LNG that Europe doesn't need as spot price stays muted](https://feedsoft.ai/events/30923-commentary-asia-takes-lng-that-europe-doesn-t-need-as-spot-price-stays-muted.md) | +13.4% | +28.1% |
| NATGAS | 2019-04-03 | [U.S. LNG producers offer alternative pricing to woo buyers - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/59778-u-s-lng-producers-offer-alternative-pricing-to-woo-buyers-energy-news-top.md) | -0.6% | -4.3% |
| NATGAS | 2025-02-21 | [Producers needing to purchase urea fertilizer for spring use are looking at a steadily increasing cost  - SaskAgToday.com](https://feedsoft.ai/events/26370-producers-needing-to-purchase-urea-fertilizer-for-spring-use-are-looking-at-a.md) | -18.8% | -15.1% |
| NATGAS | 2021-02-04 | [Analysis: LNG buyers mull tactical changes to procurement plans after winter disruptions - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/48845-analysis-lng-buyers-mull-tactical-changes-to-procurement-plans-after-winter.md) | +14.2% | -4.5% |
| NATGAS | 2019-04-03 | [America's Gas Is Hot in Shanghai. The Price, Not So Much - Bloomberg](https://feedsoft.ai/events/59776-america-s-gas-is-hot-in-shanghai-the-price-not-so-much-bloomberg.md) | -0.6% | -4.3% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/cheniere-chief-says-price-negotiations-force-majeures-off-the-table-during-pandemic/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.