PAO NOVATEK (NOVATEK) today announced that Yamal LNG has received notification from TC LNG Shipping L.L.C. (TC LNG), the joint-venture owning the Arc7 ice-class tankers, that joint-venture is no longer considered a “Blocked Person” under the US Department of the Treasury’s Office of Foreign Asset Control or “OFAC” rules.

NOVATEK Issues Update on Arc7 LNG Tankers

TC LNG, a joint-venture between Teekay LNG and China LNG Shipping (Holdings) Limited, owns Arc7 LNG tankers that are conducting LNG shipments for the Yamal LNG project in the normal course of business.

PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project.