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.

This entry was posted by Memble on Friday, May 16th, 2008 at 9:10 am and is filed under Oil and Gas. Tags: America, Canada, Company, Enbridge, Enbridge Inc., Export, France, France's Gaz de France, Gas, Gaz de France, Gaz Metro LP, Gazprom, liquefied natural gas, LNG terminal, Market, Natural Gas, Natural Gas Company, North America, OAO Gazprom, Quebec, Russia. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.