[CANADA] Russians take stake in gas project

Gazprom moved a Canadian liquefied natural gas terminal ahead yesterday by taking a stake and agreeing to supply all of the gas needs from the Russian company's huge Shtokman project, the companies said yesterday.

Gazprom is joining Enbridge Inc., Gaz Metro and Gaz de France in developing the $840 million Cdn Rabaska LNG project in Quebec.

It would be the Russian firm's first major investment in North America, said Gazprom's Alexander Medvedev.

Source: EdmontonSun

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