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Teekay carriers unblocked

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Oct 22 (LNGJ) – Teekay LNG, the fleet owner and operator of Ice-class carriers serving the Yamal plant in Russia, has been unblocked and is no longer subject to US sanctions imposed against units of Chinese shipping line COSCO for allegedly shipping Iranian oil.

   Under the US sanctions on Iran over its nuclear policies, the US Department of the Treasury’s Office of Foreign Assets Control included COSCO Shipping into the Iran-related Specially Designated Nationals (SDN) list, as well as Teekay LNG Partners. Teekay LNG, through its affiliates and joint ventures, owns four Arc7 LNG tankers conducting shipping services for the Yamal export plant.

   Russian natural gas company Novatek, operator of the Yamal plant, issued a statement saying Yamal LNG had received notification from TC LNG Shipping, the joint venture owning the Arc7 ice-class tankers, that the venture was no longer considered “blocked” the US sanctions rules.

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