Natural gas and Refining and reforming

Refining and reforming needs natural gas; their prices have moved together.

Natural gas (energy) and Refining and reforming (energy): 2 relationships.

How they are linked

1. Material need

Physical flow · Direct · Natural gas → Refining and reforming

Building or running Refining and reforming needs natural gas.

2. Price link: fuel and hydrogen

Cost and price · Strong · Both ways

Refineries burn gas for heat and reform it into hydrogen for desulphurisation. Monthly moves barely correlate with European gas but yearly moves reach 0.69, showing a slower, partly shared energy cycle rather than tight cost pass-through.

• 0.14 monthly change correlation
• 0.69 12-month change correlation
• 0.40 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.