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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
October 5, 2026

Uniper eyes Türkiye biomethane production and exports

By 42 min ago 2 min read German energy major Uniper is looking at potential biomethane production and export in Türkiye alongside a local waste-to-energy firm. The memorandum of understanding…

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Air Liquide targets €24bn investment and up to 600bps margin gains by 2030

By 58 min ago 3 min read French industrial gas major Air Liquide plans to make around €24bn ($26.8bn) on industrial investment decisions through 2030, with electronics, energy transition, healthcare,…