Investor Presentaiton
GIBSON
ENERGY
U.S. Crude Export Volumes (2)
(mmbbl/d)
Ingleside and Corpus Christi represented ~40% and ~60%
Permian Production to Drive Future Export Growth
U.S. Export Macro Favourable for the Re-contracting Strategy
Historical Permian Production (1)
(mmbbl/d)
U.S. Export Demand by Geography(1)
(mmbbl/d)
CAGR: ~7%
8.0
6.0
8.0
EXPANDING CORE TERMINALS FOOTPRINT
4.0
2.0
6.0
4.0
2.0
Asia
Europe
Other
8.0
of 2022 U.S. Gulf Coast crude exports, respectively
Ingleside
6.0
Other Corpus Christi
4.0
2.0
Other U.S. Exports
0.0
'18A '19A '20A '21A '22A '23E 24E 25E '26E '27E '28E
■ Low-cost Permian oil production
expected to drive long-term U.S. supply
Corpus Christi well-connected through
three key long-haul pipelines
■ Incremental Permian production ideal
for exports as local refining capacity is
limited
0.0
0.0
'18A '19A '20A '21A '22A '23E 24E 25E '26E '27E '28E
Strong demand from Europe and Asia
represented ~85% of crude exports
in 2022A
Security of supply and WTI-Brent
differential key factors underpinning
demand growth
■ VLCCs have become the preferred vessel
for destinations including Asia
'18A '19A '20A '21A '22A '23E 24E 25E '26E '27E '28E
Ingleside has become the leading export
hub given its locational advantages
■ Significantly less traffic due to the Port's
focus on energy exports over
containers, cruise, and fishing vessels
■ Ability to directly load VLCCs reduces
costs and turnaround times
6
Source: EIA, Port of Corpus Christi, RBN Energy.
(1)
(2)
Historical data per EIA; forecasted data based on RBN estimates.
Historical Port of Corpus Christi data per Port of Corpus Christi and historical total U.S. crude export volumes per EIA; forecasted data based on RBN estimates.View entire presentation