With reference to a press release issued on September 30, 2019, Teekay Corporation (Teekay) and Teekay LNG Partners L.P. (Teekay LNG) announced that COSCO Shipping Energy Transportation Co., Ltd. has completed an ownership restructuring on arms-length terms which has resulted in Teekay LNG’s joint venture partner, China LNG Shipping (Holdings) Ltd. (China LNG), no longer being classified as a “Blocked Person” under Office of Foreign Assets Control (OFAC) rules.
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