The Rising Influence of Rising Affluence

[DewDiligence]

APD is a participant in the global LNG buildout generally and in Shell’s floating LNG project (#msg-63361090); from the Q&A on APD’s 2Q11 CC:

http://seekingalpha.com/article/281257-air-products-chemicals-management-discusses-q3-2011-results-earnings-call-transcript?part=qanda

Lucy Watson (Jefferies): …in the increased quarter-over-quarter in your Equipment and Energy backlog, it looks like it was mostly due to the addition of the new floating LNG facility.

Paul Huck (CFO): That is right.

Lucy Watson: Can you expand on…the potential addressable market opportunities for offshore gas liquefaction facilities and then the expected timeline for this?

Paul Huck: This is an alternate to running a pipeline into shore to take the gas in and then liquefy it there. It also enables you to take smaller deposits and then to move the platform at some point in time…

As we look at the future for gas around the world, we see gas being more and more utilized as to make chemicals and also to make power. It has some advantages, as far as on the carbon side…plus with the events in Japan and the shutdown of nuclear power plants, we see more and more LNG occurring around the world. It probably will not come into the United States, but certainly, we're going to see more LNG coming to places like Europe. We're going to see more LNG coming to places like Japan, India, China. Big market for us going forward.