Canada to Sell Russian Natural Gas to U.S.

Canada is planning to capitalize on shortages of natural gas, exacerbated by last year’s hurricanes, by importing vast quantities of liquefied natural gas (LNG) from Russia to be exported to the United States.

The Canadian government recently approved a $1.5 billion joint venture of Petro-Canada and Russian giant Gazprom to build a plant near St. Petersburg in Russia to liquefy the gas and load it into giant tanker ships.

The tankers would be unloaded in Quebec and the liquid converted back into gas that could be pumped through existing pipeline networks to U.S. customers.
World Peace Herald