Chinese State Enterprise Buys Wison’s Sanctioned Yard in Zhoushan

A Chinese state-owned enterprise has taken over the ownership of Zhoushan Wison Offshore Engineering, the Wison Group unit that the Biden Administration sanctioned for supporting Russia’s LNG export ambitions on the Arctic coast of Siberia. 

According to the U.S. State Department, Wison supplied power generation modules for Novatek’s Arctic LNG 2 project, which is heavily sanctioned. The modules were to be installed on Arctic LNG 2’s…