# Coronavirus may accelerate gas market transition in East Asia

> Chinese demand for LNG has fallen sharply since January amid coronavirus lockdowns, and CNOOC sought to reject contracted February and March cargoes. Shell and Total rejected the force majeure claims, while East Asian gas pricing is shifting away from oil indexation.

- Date: 2020-03-02 · published 2020-03-02T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/54317-coronavirus-may-accelerate-gas-market-transition-in-east-asia
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Weak Chinese gas demand and pricing pressure lower energy costs for Asian processors and may ease prices for gas-based fertilizer inputs.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- uts.edu.au: https://www.uts.edu.au/news/2020/03/coronavirus-may-accelerate-gas-market-transition-east-asia

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