Industrial gases →Shortage risk
Electricity (Grid Power)
Industrial-gas plants and ASUs are highly power-intensive, so attacks on Ukraine's energy system can directly tighten grid electricity availability and curb output.
97% confidence
Industrial gases →Shortage risk
Natural Gas
Ongoing attacks on the energy and oil-and-gas system can reduce gas availability, and industrial-gas operations depend on steady natural-gas supply for utility and hydrogen functions.
93% confidence
Neon Gas (Semiconductor-Grade, for Excimer Lasers) →Shortage risk
Ukraine
Ukraine accounts for about 30% of this neon-gas supply, so attacks on its energy system can sharply curtail output.
90% confidence
Industrial gases →Delays
Cryogenic Distillation (Air Separation Unit)
Cryogenic distillation is a power-sensitive ASU step, so electricity and fuel disruptions can delay or curtail separation runs.
90% confidence
Industrial gases →Delays
Hydrogen Production via SMR or Electrolysis
Hydrogen production is energy-dependent, so disruptions to gas or grid power can slow SMR or electrolysis output.
85% confidence
Neon Gas (Semiconductor-Grade, for Excimer Lasers) →Shortage risk
Specialty gases for chip fabrication
Semiconductor-grade neon is a critical, high-dependency input to specialty gases used in chip fabrication, so a supply shock tightens that market.
84% confidence
Neon Gas (Semiconductor-Grade, for Excimer Lasers) →Shortage risk
Iceblick Ltd (Ukraine)
Iceblick has a 25% share and 18-month replacement lead time, so a Ukraine energy shock can materially constrain its neon-gas supply.
83% confidence
Neon Gas (Semiconductor-Grade, for Excimer Lasers) →Shortage risk
Cryoin Engineering
Cryoin's 15% share and 12-month replacement lead time make it materially exposed to local energy disruption.
79% confidence
Neon Gas (Semiconductor-Grade, for Excimer Lasers) →Shortage risk
Semiconductors and chips
Neon shortages can ripple into semiconductor production because excimer-laser processes depend on high-purity specialty gases.
78% confidence
Linde plc →Shortage risk
Neon Gas (Chip-Grade)
The existing path already places Linde downstream of Ukraine-sourced crude neon, so ongoing attacks on Ukraine's energy and oil-and-gas system plausibly keep chip-grade neon input tight.
76% confidence
Neon Gas (Semiconductor-Grade, for Excimer Lasers) →Shortage risk
Ingas (Ukraine)
Ingas has a meaningful 12% share and a long 36-month replacement lead time, so the shock can constrain its neon-gas availability.
76% confidence
Cryoin Engineering →Shortage risk
Neon Gas (Semiconductor-Grade, for Excimer Lasers)
Ukraine energy and industrial-flow disruptions can constrain this high-dependence neon input, and the edge has meaningful share with only moderate substitutability and a 12-month replacement lead time.
68% confidence
Cryoin Engineering →Shortage risk
Xenon Gas — Space Propulsion & Electronic Grade
Xenon is another noble-gas output tied to energy-intensive separation and industrial gas flows, so attacks on Ukraine's power and oil-and-gas system can tighten supply on this 18% input.
63% confidence
Neon Gas (Semiconductor-Grade, for Excimer Lasers) →Stands to benefit
Linde plcLIN
As a substitute supplier with a 10% share and shorter replacement lead time, Linde can gain demand as Ukrainian neon supply is constrained.
60% confidence
Home heating oil →Prices ease
Crude Oil Feedstock
If home heating oil output is constrained by the energy-sector shock, refiners need less crude feedstock, easing crude demand and pressuring its price downward.
56% confidence
Kyivstar Group Ltd. →Stands to benefit
Space Exploration Technologies Corp (Starlink)SPCX
If Ukraine's energy disruptions degrade Kyivstar's terrestrial connectivity, its Starlink satellite fallback becomes more valuable and likely to see heavier use.
48% confidence
