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Gold/Mining/Energy : LNG -- Ignore unavailable to you. Want to Upgrade?


To: Dennis Roth who wrote (684)3/14/2006 1:37:14 PM
From: Dennis Roth  Read Replies (1) | Respond to of 919
 
Petro-Canada, Gazprom agree to move on LNG plant
Tue Mar 14, 2006 12:57 PM ET
yahoo.reuters.com

CALGARY, Alberta, March 14 (Reuters) Petro-Canada (PCA.TO: Quote, Profile, Research) and Russia's Gazprom (GAZP.MM: Quote, Profile, Research) agreed on Tuesday to proceed with initial engineering on a liquefied natural-gas plant near St. Petersburg, Russia, that would supply a Petro-Canada facility in Quebec.

The two companies said they will go ahead with preliminary engineering studies for the proposed Baltic gas liquefaction plant. That study will provide cost and timing for the facility, Petro-Canada said in a release.

The gas produced by the proposed plant would be shipped to the planned Gros Cacouna re-gasification plant in Canada that Petro-Canada and TransCanada Corp. (TRP.TO: Quote, Profile, Research) are building.
© Reuters 2006. All Rights Reserved.