Massive Canada-Russia LNG joint venture in the making

A massive Canada-Russia joint venture in liquefied natural gas appeared to get nudged closer to reality Saturday as Prime Minister Stephen Harper arrived at the G8 conference and immediately set to work with the host president.

Mr. Harper had delivered a cautionary speech on the need for open energy markets and Canada’s pre-eminent position as an energy investment magnet before his arrival at this, his first major international summit.

But the prime minister hadn’t yet checked into his hotel in St. Petersburg before he and Russian President Vladimir Putin issued a joint statement promoting LNG co-operation that could see Russian gas coming through Canada to North American markets.

The Globe and Mail