U.S. sanctions on COSCO hit LNG tankers in Russia’s Arctic
Teekay LNG said Monday that a 50-50 joint venture to ship Yamal LNG with a Chinese company is deemed a "blocked person" under new sanctions.
September 30, 2019
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LONDON — U.S. sanctions on two units of Chinese shipper COSCO hit the liquefied natural gas (LNG) tanker industry on Monday as U.S.-listed Teekay LNG said its shipping joint venture in Russia had been “blocked” because of its ties to COSCO.
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