Waiver will allow foreign vessels to ship products from the Gulf Coast to the East Coast.
At least six tankers ae booked to move gasoline from Europe to the U.S.
The partnership acknowledges the increased use of LNG as a marine fuel.
Work on the tankers could potentially violate sanctions on Venezuela, lawyers say.
Oil prices, however, were still headed for a third consecutive weekly loss, with the outlook for demand dented by fresh coronavirus lockdowns in Europe despite the Suez Canal blockage.
The potential disruption to supplies due to the Suez Canal incident has lifted oil prices, but “the reprieve seems temporary,” says Jeffrey Halley of brokerage OANDA.
Indonesia says that oil spilled during the transfer.
Congestion delaying LNG shipments via the Panama Canal is expected to last through the peak demand winter months, traders close to the situation said on Jan. 14, although the canal’s regulator said it had made changes to speed up transit.
The completion of the second deepwater dock at South Texas Gateway at the mouth of the Corpus Christi Ship Channel enables Buckey to accommodate the berthing and loading of two vessels simultaneously.
Three UAE entities identified by Reuters have built their fleets since early 2019 with vessels that have since made mainly Venezuela-related journeys, according to vessel tracking data.