Chart 1: TTF gas remains the price leader

Chart 2: Europe – a key destination for U.S. LNG

The increasing impact of natural gas on refined product markets

Oil vs. Natural Gas for Power Generation

Chart 3: TTF gas more expensive than diesel and propane

Elevated Refined Product Cracks

Chart 4: Refined product cracks rise on high natural gas

Natural gas and its role in ammonia

Chart 5: Global ammonia prices remain high on bullish demand outlook

Chart 6: Power generation and shipping – new demand sectors for ammonia

Ammonia market starts grey but blue beckons

Winter outlook uncertain

References