Investor Presentaiton
GIBSON ENERGY INVESTOR PRESENTATION
Permian Production to Drive Future Export Growth
U.S. Export Macro Favourable for the Re-contracting Strategy
Historical Permian Production (1)
U.S. Export Demand by Geography(1)
8.0
6.0
4.0
2.0
(mmbbl/d)
CAGR: ~7%
8.0
09
6.0
4.0
2.0
(mmbbl/d)
U.S. Crude Export Volumes (2)
(mmbbl/d)
Asia
Europe
Other
8.0
Ingleside and Corpus Christi represented ~40% and ~60%
of 2022 U.S. Gulf Coast (USGC) crude exports, respectively
6.0
4.0
2.0
Ingleside
Other Corpus Christi
Other U.S. Exports
0.0
0.0
0.0
'18A '19A '20A '21A '22A '23E '24E '25E '26E '27E 28E
'18A '19A '20A '21A '22A '23E '24E '25E '26E '27E 28E
■Low-cost Permian crude oil production
expected to drive long-term U.S. supply
Corpus Christi well-connected through three
key long-haul pipeline systems
■ Incremental production ideal for exports as
regional refining capacity has already
maximized Permian crude utilization
Source: EIA, Port of Corpus Christi, RBN Energy.
Strong demand from Asia and Europe
represented ~85% of crude exports
in 2022A
Security of supply, WTI-Brent differential and
crude quality compatibility are key factors
underpinning demand growth
■ VLCCs have become preferred vessel class for
both Asia and Europe
'18A '19A '20A '21A '22A '23E '24E '25E '26E 27E 28E
Ingleside has become the leading USGC export
hub given its unique advantages
Ability to directly load VLCCS reduces
customer freight cost, time and risk
Significantly lower Port transit times
and fees vs. other Corpus Christi Inner Harbor
and USGC export terminals
■ Direct-to-water Permian connectivity ensures
integrity of crude export quality
17
(1) Historical data per EIA; forecasted data based on RBN estimates.
(2) 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