Chiefexecutive Peter Coleman said on Wednesday the company's strategy for Canada isbased on its LNG expertise as a producer and marketer of LNG.

Hesaid Canada has a lot of stranded gas, and does not at this time plan to beinvolved in the upstream.

Instead,the company will assess the technical feasibility of constructing an LNGfacility at Grassy Point and will continue discussions with potential joint venturepartners and gas suppliers in relation to a potential LNG development.