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Saudi deal targets ammonia shipping as global prices rise

Gas
February 3, 2025

A newly formed alliance in Saudi Arabia aims to address the rapidly increasing global demand for ammonia and liquefied petroleum gas (LPG).

Bahri (The National Shipping Company of Saudi Arabia) and Petredec will join forces to build a joint commercial team dedicated to meeting the expanding needs for the country’s shipping solutions.

According to recent reports from ChemAnalyst, global ammonia prices surged in the latter part of 2024 due to geopolitical tensions, supply constraints and rising demand.

Prices jumped by 1.2% in the Middle East during the week ending 8th November, largely attributed to a 3.3% rise in natural gas prices during the same week. This rise is thought to be due to the high power generation demand induced by the Russia-Ukraine war.

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Gas
March 25, 2025

Japan LNG strategy not right for Europe, argues think tank

The Japanese model of liquefied natural gas (LNG) investment is not suitable for Europe, according to the clean energy-leaning think tank the Institute of Energy Economics and Financial Analysis (IEEFA).…

Gas
March 25, 2025

Nippon Sanso cancels US hydrogen project and announces $190m write-down

Global industrial gases group Nippon Sanso Holdings Corporation (NSHD) has written off $190m following the cancellation of a hydrogen production plant in the US. NSHD’s decision came after a reassessment…