Petrochemicals

As the gas pipeline battles are under way, a new trend is emerging which is the transition towards Liquefied Natural Gas (LNG). That transportation mode of natural gas through seaborne tankers will open new markets, alleviate the dependency of some countries on existing pipeline routes.

The survey participants are much less than anxious about the probability of negative growth in the fourth quarter, reducing that index from 23.7 per cent three months ago to 15.4 per cent in this survey. However, they see a weaker labour market than they did three months ago. 

Right now we have an extreme development in the natural gas market; natural gas prices have dropped to a multi year low and the oil to natural gas ratio and Gold to natural gas ratio are both trading in the extreme ranges.