OCI Ramp-Up of Methanol Capacity
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OCI
Source: Bloomberg, Argus
0.0
2.0
ուցաա /$
4.0
6.0
8.0
10.0
Structurally Low Gas Prices Enhance our Competitive Cost Position
TTF Gas Prices | Historical and Forward Curve ($/mmBtu)
12.0
Henry Hub Forward Curve (NYMEX) Progression ($/MMBtu)
$6.00
Q1 15
Q3 15
Q1 16
Q3 16
Q1 17
Q3 17
Q1 18
Q3 18
Q1 19
Q3 19
Q1 20
Q3 20
Q1 21
Q3 21
Q1 22
Gas Price ($/MMBtu)
$5.00
$4.00
$3.00
$2.00
$1.00
$0.00
($1.00)
10/2019
Today
04/2020
10/2020
04/2021
10/2021
04/2022
10/2022
04/2023
10/2023
04/2024
10/2024
04/2025
10/2025
04/2026
ми
10/2026
European TTF gas prices dropped >50% in H1 2019 compared to H1 2018 despite coal to gas switching dynamics
We expect to continue to benefit from materially lower gas prices in both Europe and the United States:
-
A wave of investment in LNG is resulting in an increase in cheap energy (global LNG effective capacity is set to grow by over
20% from 2018 to 2021)
In the US, Henry Hub decreased to very competitive prices that are significantly below the levels of last year:
The forward curve suggests this will remain for the foreseeable future, which will continue to keep our US operations at the
very low end of the global cost curve
04/2027
10/2027
04/2028
10/2028
04/2029
3Y Ago
5Y Ago
-----ANR SW Basis (Today)
14
10/2029
04/2030
10/2030
04/2031
10/2031View entire presentation