|By Marketwired .||
|May 30, 2014 06:15 AM EDT||
SUGAR LAND, TX -- (Marketwired) -- 05/30/14 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- It's an understatement to say that May has been an interesting month for the global natural gas markets, and it's worthwhile to have a quick look at some of the events that have happened. The big news, obviously, is the signing of the $400 billion contract for Russia to supply up to 38 billion cubic meters per year of natural gas to China.
As Europe seeks to wean itself off of reliance on Russian natural gas, the move makes economic and political sense for the two superpowers, although the ramifications for other natural gas and LNG producers throughout the world remain up in the air. While the deal between the two countries is gargantuan, the volume of gas remains less than 25% of what Russia delivered to Europe in 2013.
To read more about this and other subjects, including project spending information for the U.S., Canada and Mexico, check out the latest edition of Industrial Info's NavigatIIR online newsletter.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and ten international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.
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