I would expect gas to be a key contributor of earnings in the future, with the Baltic Sea pipeline significant after 2008. |
It gives a fair view of current performance of the chemical, refinery and steel industries. They are willing to pay the prices for gas delivery, which shows they have filled order books. In general it is a good sign for industrial gases. |
It's a 25 percent premium to the sector average, which is the normal strategic premium that trade buyers would pay. |