Tag Archives | gas

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Europe’s chemical sector benefit from more of Gazprom’s Russian gas

The news that Russia’s Gazprom is expanding storage terminals across Europe in anticipation of increased supplies could be good news for Europe’s chemical industry, which relies heavily on natural gas for power generation.  Gazprom is almost doubling its underground storage capacities for gas by 2015 to nearly 4.9 billion cubic meters (bcm) and by next […]

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Nabucco withdraws plan for link to Iran

The Nabucco natural gas pipeline project will will no longer link to Iran, the consortium for the multi-billion Euro European/Asian network said this week.   In a statement it said:  ”The shareholders agreed on a modification of the feeder line concept. Two feeder lines were confirmed and the respective engineering works were ordered but due to […]

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Ukraine gas price hike could boost urea market prices

A report from Bloomberg suggests that Ukraine’s government may increase natural gas prices by 50% as it bows to IMF pressure. Urea prices could rise, according to an analyst at Alembic, because Ukraine is the marginal producer of urea and therefore the price setter. This could benefit urea producers globally including Sabic, Industries Qatar, Orascom […]

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Belarus gas cuts hit chemicals industry

The spat between Russia and Belarus is leaving many in the chemical industry in central and eastern Europe feeling very nervous. Fertilizer producers, in particular, rely on natural gas as a feedstock. And yesterday, Belarusian fertilizer producer Grodno Azot warned that it could be forced to shut down following the natural gas supply cuts from […]

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New gas agreement gives hope to Poland chemical privatisation

Good news for Poland’s chemical industry this week as a long term gas supply agreement is finally signed off, guaranteeing feedstocks for many chemical firms there. Lack of an agreement could have threatened the privatisation of the country’s second-largest Polish fertilizer producer Zaklady Chemiczne Police (ZChP), and others currently under offer.According to ICIS news, Under […]

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Poland runs out of gas for chemicals?

Poland may have to cut chemical production if supplies of natural gas run out later this year, according to a Reuter’s report. This could have a big impact on chemical producers such as Police, Pulawy and Anwil which were affected last year during the Ukraine gas dispute.“Poland’s gas monopoly PGNiG estimates it will be short […]

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