Insight
Impact of high natural gas prices on refining
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Report summary
Natural gas is a key input to the refining sector, as both a fuel and feedstock for hydrogen, essential to the production of sulphur free transport fuels. The recent rise in European and Asian natural gas prices causes refiners to re-optimise, using more LPGs internally and raising the costs of hydrotreatment. The implications of this change in cost structure on product yields, cracks spreads and crude differentials are examined in this slidepack insight in the download section of the report.
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