Wison New Energies Successfully Offloads Sanctioned Zhoushan Yard to Chinese State-Owned Entity

Chinese energy technology firm Wison New Energies has closed the book on its increasingly fraught cooperation with Russia. 

U.S. authorities sanctioned Wison’s Zhoushan yard in January 2025 for the continued delivery of LNG technology to the blocked Arctic LNG 2 project. Wison managed to finalize its exit from the Zhoushan division just days before the granted wind-down period is set to expire at the end of February.

Zhoushan Wison Offshore & Marine has now been taken over by the Nantong Tongzhou Enterprise Management Partnership, a newly established entity affiliated with the Nantong City government. It remains unclear what this change in ownership means for the delivery to Russia of already comp…