The US Treasury lifted sanctions on the operator of tankers for the Yamal LNG project

25.10.2019       

TC LNG Shipping LLC (TC LNG), a joint venture between Teekay LNG and China LNG Shipping, has notified Yamal LNG that the US Department of the Treasury has lifted its September restrictions this year to transport LNG for the project.
TC LNG owns Arc7 ice class LNG tankers, which continue to carry LNG for the Yamal LNG plant. At present, Yamal LNG There are 13 tankers of this type in operation, the 14th is heading to the port for loading, the fifteenth is being tested, according to the data of the vessel tracking system.
Ice-class tankers are needed to transport LNG from the Arctic along the Northern Sea Route. Usually, the ice situation in the region allows sailing without the use of icebreakers until November. "Yamal LNG" also has a fleet of conventional vessels.
Help
PAO NOVATEK, as well as companies with its controlling interest, including Yamal LNG, have been under US sectoral sanctions since 2014, prohibiting American persons provide the company with financing for more than 90 days. Since then, Yamal LNG does not attract financing in dollars.
Shareholders of Yamal LNG are PJSC В«NOVATEKВ» (50.1%), Total (20%), CNPC (20%), Silk Road Fund (9.9%).

have been under U.S. sectoral sanctions since 2014, prohibiting U.S. persons from providing company financing for more than 90 days. Since then, Yamal LNG does not attract financing in dollars.
Shareholders of Yamal LNG are PJSC В«NOVATEKВ» (50.1%), Total (20%), CNPC (20%), Silk Road Fund (9.9%).

have been under U.S. sectoral sanctions since 2014, prohibiting U.S. persons from providing company financing for more than 90 days. Since then, Yamal LNG does not attract financing in dollars.
Shareholders of Yamal LNG are PJSC В«NOVATEKВ» (50.1%), Total (20%), CNPC (20%), Silk Road Fund (9.9%).