Teekay’s Icebreaking LNG Carriers No Longer Considered ‘Blocked’ Under U.S. Sanctions

The joint venture operating icebreaking LNG carriers for Yamal LNG have been exempted from U.S. sanctions against COSCO tanker units, Russian natural gas producer Novatek said Tuesday. Novatek, which operates Yamal LNG plant in northern Russia, announced it has received notification from TC LNG Shipping, the joint venture owning the Arc7 ice-class tankers, that the JV is no … [Read more...]

More Yamal LNG Cargoes Headed East via Northern Sea Route

Russian natural gas produce Novatek said it shipped fifteen cargoes from its Yamal LNG plant to Asia via the Northern Sea Route in the third quarter of 2019, putting it on track to increase eastbound shipments by fourfold compared to last year.  According to Novatek, the eastbound shipments represent approximately 25 percent of all cargoes shipped from Yamal LNG during … [Read more...]

U.S. Sanctions on COSCO Hit Teekay’s Yamal LNG Fleet

By Sabina Zawadzki LONDON, Sept 30 (Reuters) - U.S. sanctions on two units of Chinese shipper COSCO hit the liquefied natural gas (LNG) tanker industry on Monday as U.S.-listed Teekay LNG said its shipping joint venture in Russia had been "blocked" because of its ties to COSCO. The United States imposed sanctions on COSCO Shipping Tanker (Dalian) Co and subsidiary COSCO … [Read more...]

Yamal LNG Marks 20 Million Tons Shipped

Yamal LNG has hit a milestone 20 million tons of LNG shipped since the commencement of the project in December 2017. The milestone cargo was loaded onboard the new Arc7 ice-class tanker “Vladimir Voronin” marking the 273 cargo to sail from the port of Sabetta in Russia’s Far North. Vladimir Voronin is now the twelfth ice-class Arc7 LNG carrier built specifically for the … [Read more...]

Novatek Signs Partners for Arctic LNG-2 Project

Russian gas produce Novatek has closed its search for partners for its proposed Arctic LNG-2 project, adding a subsidiary of China National Petroleum Corporation (CNPC), CNOOC and the Japan Arctic LNG consortium to the project. Novatek's Arctic LNG-2 project proposes constructing three-train LNG export plant with a capacity of approximately 19.8 mmtpa extracted from the … [Read more...]