Traders Avoid China LNG Terminal That Took Sanctioned Russia Gas

Some liquefied natural gas traders will steer clear of conducting business with a Chinese terminal that took a US-sanctioned Russian shipment in an effort to avoid any potential retaliation from Washington.

At least three non-Chinese companies advised their trading desks to not dock their LNG vessels at the Beihai import terminal, people familiar with the matter said, asking not to be identified discussing private information. The move is to ensure ships don’t inadvertently take in blacklisted fuel or deliver to a terminal that could later be sanctioned, they added.