Gazprom is looking to make its first acquisition in the United States as part of its move to enter the North American market, the Financial Times reported.

Vitaly Vasiliev, chief executive of Gazprom Marketing & Trading, the downstream arm of the state-controlled Russian gas company, told the Financial Times a takeover was one of the options under consideration for building Gazprom's presence in the U.S. market, where it hopes to sell increasing volumes of liquefied natural gas (LNG).

Any acquisition would follow Gazprom's entry into the Canadian LNG market last month through a contract to take 100 percent of LNG capacity at the proposed Rabaska terminal in Levis, Quebec.

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Related Project
Rabaska LNG
Facility Type: LNG Owner: Rabaska (Gaz Metro, Enbridge Inc., Gaz de France)
Scope: New Construction Location: Levis Canada