Panama will cancel the registration of six ships sailing under its flag after they were sanctioned by the UK last week
. The delisting comes after Panama ’s maritime authority in October pledged to penalize vessels sanctioned by the U.S., European Union, UK and United Nations. Moscow continues to export large volumes of crude despite sanctions by the West. “Safeguarding the prestige of our flag is a top priority for this administration.
Last year, Europe accounted for 66 percent of total U.S. LNG exports, followed by Asia at 26 percent and Latin America and the Middle East with a combined eight percent. However, Cheniere Energy NYSELNG is highly optimistic about Asian LNG demand, despite some countries with large gas-reliant economies currently hampered by poor credit ratings. 'They tend to rely more on state-to-state agreements. Obviously that is not something we can participate in.
UK Sanctions Russia Tankers Shipping
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