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Gazprom aims for Quebec LNG terminal's capacity



By AP
15 May 2008 @ 02:21 pm EST

MOSCOW - A U.S. subsidiary of Russia's state-controlled natural gas company says it has signed a letter of intent to obtain all the capacity of an LNG terminal planned for Quebec.

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The export subsidiary of OAO Gazprom says it has 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 Marketing and Trading USA announced the deal Thursday.

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

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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