Novatek releases statement on COSCO sanctions
Published by Will Owen,
Editor
LNG Industry,
With regards to the recent US Department of the Treasury’s Office of Foreign Assets Control (OFAC) order – which added two units of China Ocean Shipping Company (COSCO) to the Iran-related specially designated nationals (SDN) list, as well as Teekay LNG Partners L.P. – Novatek has issued the following statement.
Teekay LNG, through its affiliates and joint ventures, owns four Arc7 LNG tankers conducting LNG shipments for the Yamal LNG project.
These specific LNG shipments are not related to the sanctions imposed on COSCO Shipping Tanker (Dalian) Co. and COSCO Shipping Tanker (Dalian) Seaman & Ship Management Co. The issue to resolve this situation is a business relations matter between Teekay LNG and China LNG Shipping (Holdings) Ltd.
The Yamal LNG project has all the necessary capacities to ensure supplies of LNG produced to customers in accordance with contractual obligations within the agreed timelines.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/01102019/novatek-releases-statement-on-cosco-sanctions/
You might also like
ExxonMobil selects Chart Industries’ liquefaction process technology and proprietary equipment
ExxonMobil has announced its strategic decision to select Chart Industries' IPSMR® liquefaction technology and proprietary equipment for the Rovuma LNG project at the Afungi peninsula.