Americas top stories: weekly summary

HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 30 September.

Europe faces supply gap in ’23-25 if Russia cuts gas supplies – study
Europe will face a supply gap in 2023-2025 if Russia suspends gas shipments next year – but by the second half of the decade, liquefied natural gas (LNG) imports could meet demand, according to a study from the energy research firm Rystad Energy.

INSIGHT: ‘King Dollar’ poses growing threat to US chems, global economy
The relentless surge in the US dollar to record or multi-decade highs against European and Asian currencies will be a greater headwind for US-based chemical company earnings going forward.

Corrected: Hurricane Ian damage could top $1.6tr as more than 7.2m homes could flood – CoreLogic
More than 7.2m single- and multi-family residences with a combined reconstruction value of $1.6tr are at moderate to high risk of flash flooding from Hurricane Ian, which made landfall in Florida on Wednesday afternoon.

INTERVIEW: Firm advances on methanol-ammonia project in Canada
Canadian company Northern Petrochemical Corp has secured land at a site in oil and gas-rich Alberta province for a planned “blue” methanol-ammonia project, CEO and president Geoff Bury told ICIS in an interview on Thursday.

Urea short-term outlook weak as mixed signals lead to uncertainty
Global urea prices are declining, with market activity expected to stay thin for next two to three weeks as buyers stay on the sidelines given the uncertainty surrounding future levels.

US CSX limits S Carolina rail service ahead of Hurricane Ian
CSX is limiting rail service in South Carolina in preparation for Hurricane Ian, which made landfall on Friday.