AFTER THE doom & gloom of the last nine months, one could be forgiven for thinking that the recession-hit Western Europe market is in freefall.
In economic terms this may well be the case, but from a gases perspective there’s no reason to hit the panic button just yet.
Of course the recession has hit, industries have suffered immensely, and the Western Europe gases business has inevitably taken the strain. Those of the opinion that Western Europe, like North America, would be one of the biggest casualties aren’t entirely wrong.
It’s also a conviction well versed by both Spiritus Consulting’s John Raquet and Stefan Messer of the Messer Group (see page 30) in their recent interviews with gasworld.
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