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NOVATEK issues update on Arc7 LNG tankers

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LNG Industry,

PAO NOVATEK has announced that TC LNG Shipping L.L.C. is no longer considered a ‘Blocked Person’ under the US Department of the Treasury’s Office of Foreign Asset Control (OFAC) rules.

TC LNG is a joint venture (JV) that owns the Arc7 ice-class tankers used for the Yamal LNG project.

According to the statement, the JV consists of Teekay LNG and China LNG Shipping (Holdings) Ltd.

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