The industrial gas industry – and world at large – are watching with increased concern as tensions escalate across the Middle East.
Oil prices rose on Friday (April 19), with Brent Crude at $87.28 per barrel, as reports that Israel had attacked Iran raised fears regional oil supplies could be disrupted.
Around 20% of the global liquefied natural gas (LNG) trade – equating to around 80 million metric tonnes – passes through the Strait of Hormuz each year.
Phil Kornbluth, President Kornbluth Consulting, said LNG production in Qatar has not been curtailed, so helium production has continued at normal levels to date.
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