Gazprom in Canadian LNG Terminal Deal

Gazprom in Canadian LNG Terminal Deal

A U.S. subsidiary of Russia’s state-controlled natural gas company signed a letter of intent to obtain all the capacity of a liquefied natural gas (LNG) terminal planned for Quebec.

The export subsidiary of OAO Gazprom reached a deal with its partners in the Rabaska terminal project to become an equity partner in the venture.

The partners are Canada’s Gaz Metro LP and Enbridge Inc. and France’s Gaz de France.

Gazprom aims to make North America a prime market for liquefied natural gas from the vast Shtokman field in the Arctic.

Share this post