MARKETS

Freeport LNG retracts force majeure, leaving its buyers with $8bn in loses

Traders sourced spot price cargoes to meet deliveries

Tim Daiss

Freeport LNG retracts force majeure, leaving its buyers with $8bn in loses

Force majeure is a notice used to describe events outside a company's control, such as a natural disaster, which usually releases it from contractual obligation without penalty. The force majeure in...

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