PODCAST: How Red Sea and Panama Canal troubles influence chemicals and LNG

Will Beacham


BARCELONA (ICIS)–Chemicals and liquefied natural gas (LNG) players are switching from a global to a more regional approach to their markets as logistics challenges caused by the Red Sea attacks and Panama Canal drought persist.

  • Red Sea disruption may not end until 2025
  • Some US chemical prices rising as Panama Canal restrictions continue
  • Poor downstream demand caps increases
  • Europe isocyanates and polyols react to logistics pressures
  • Margins rising for European producers as purchasers switch to local sourcing
  • LNG prices are falling despite logistics disruption
  • LNG markets now becoming more regional
  • LNG globally expected to be oversupplied by 2027-2028 as wave of new capacity starts up

In this Think Tank podcast, Will Beacham interviews Ed Cox, ICIS senior editor for LNG, Umberto Torresan, ICIS analyst for isocyanates and polyols, and Adam Yanelli, ICIS senior news reporter.

Visit the ICIS Logistics: impact on chemical and energy markets Topic Page.

Click here to listen to the podcast

Editor’s note: This podcast is an opinion piece. The views expressed are those of the presenter and interviewees, and do not necessarily represent those of ICIS.

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