Opportunity
Federal Register #2026-23193
Coast Guard safety zones for Neptune LNG deepwater port decommissioning
Buyer
U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC)
Posted
November 13, 2026
Identifier
2026-23193
This notice covers Coast Guard safety controls for Neptune LNG LLC’s deepwater port decommissioning in Massachusetts Bay, alongside a separate OFAC wind-down authorization. - Government agencies: Department of Homeland Security, U.S. Coast Guard, Sector Boston; and the Department of the Treasury’s Office of Foreign Assets Control (OFAC). - Named companies: Neptune LNG LLC is conducting the decommissioning work. OFAC’s notice concerns Qingdao Haiye Oil Terminal Co., Ltd. No OEMs or procurement vendors are identified. - Decommissioning scope: Remove 2 submerged turret loading buoys, 3 transition manifolds, 16 wire-rope and chain mooring lines, and connecting infrastructure; partially abandon the buried pipeline in place. Specialized equipment and subsea demolition operations are involved. - Safety requirements: Temporary moving safety zones will apply in Massachusetts Bay, about 22 miles northeast of Boston. Vessel and person entry is prohibited unless authorized by the Captain of the Port, Sector Boston, or a designee. - Procurement status: The notice does not request products or services or identify a contract opportunity; it describes planned decommissioning activity and related safety restrictions. - Separate regulatory matter: OFAC General License W authorized limited transactions needed to wind down dealings involving Qingdao Haiye Oil Terminal Co., Ltd. and entities in which it held at least 50 percent ownership. The authorization has expired.
Description
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing Iran-related General License W, which had previously been made available on OFAC’s website. The license authorized certain transactions otherwise prohibited by Executive Order 13846 that were ordinarily incident and necessary to wind down transactions involving Qingdao Haiye Oil Terminal Co., Ltd. or entities in which it held at least a 50 percent interest. The license was issued May 1, 2026, and expired May 31, 2026.