CLAIM #35913 · Linde plc Ordinary Shares (LIN) · 2022Q2 earnings call · Jul 28, 2022

“Longer term, you might see that come back into some level of balance.”

Sanjiv Lamba · CEO

How to check this claim

This claim states no checkable outcome, so Maat records it without grading it.

In context

“tion. Please go ahead. Christopher Parkinson: Great. Thank you very much for taking my question. Can we just get a very quick update on how you're viewing the helium market over the intermediate to long term just given the past events in Russia, the sale of the BLM? I'd be very curious to just hear your perspectives over the next few years. Thank you so much. Sanjiv Lamba: Thanks, Chris. Helium is a very global business. As you know, it's different in many ways to our more traditional industrial gases. The ability to have multiple sources and diversify that helps. As I look ahead more broadly at the kind of overall industry level, I'd say to you in the short term very tight, in the kind of intermediate midterm I'd say to you largely tight until new sources come on and get fully ramped up. Longer term, you might see that come back into some level of balance. And when you think about sources coming on, there is usually a lead time anywhere between two to three, three and a half years for sources to come online and then be available to you. There was an expectation in the market that sources in Russia would come online. Obviously, with everything that's happening over there, that's going to have its own set of challenges, which is why I say in the short to mid-term, you should expect that market to remain tight. As far as BLM is concerned, it's a little bit of a tragedy. It's been run so poorly. Everyone's been impacted by that, as you know. We expect that as the government comes to a decision on how BLM goes forward, there'll be some relief over there, but really from being a very large source, BLM has declined over the many years and therefor”

Verify independently

SEC filings for LIN ↗ · Quote is verbatim from the 2022Q2 earnings call.