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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
June 25, 2026

Spain redirects €211m in IPCEI funds to BP-Iberdrola hydrogen plant expansion

Castellón refinery © BP By 44 min ago 2 min read BP and Iberdrola could expand their 25MW green hydrogen plant at the British oil major’s refinery in Spain, after…

Gas
June 25, 2026

Hynfra mulls large-scale Philippines green hydrogen-based ammonia plant

By 49 min ago 2 min read Polish developer Hynfra is looking to develop a $1.5bn green hydrogen-based ammonia project in the Philippines, targeting East Asian fuel and fertiliser markets.…