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Latest market news

Romgaz still open to buy ferts producer Azmoures

  • Market: Fertilizers, Natural gas
  • 14/01/26

Romanian state-owned natural gas company Romgaz remains interested in acquiring fertilizer producer Azomures, but will consider investing in other Romanian fertilizer projects.

Romgaz has made an offer for the company and remains "open to an honest and coherent dialogue" concerning an acquisition, the company said today.

Azomures said earlier this week that it was mothballing production after negotiations with Romgaz stalled.

Azomures has not produced fertilizer since August 2024, barring small-scale production in the second half of last year. The company, currently owned by Switzerland-based trading firm Ameropa, can produce up to 1.6mn t/yr of NPK and nitrogen fertilizers, and consumes around 1bn m³/yr of gas when operating at full capacity. Around three-quarters of its production is sold on the Romanian domestic market.

Romgaz first expressed interest in Azomures in February and an acquisition was presented as the best solution for Romanian farmers.

By Aidan Hall

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14/01/26

Qatar confirms US military base evacuation

Qatar confirms US military base evacuation

Washington, 14 January (Argus) — The US military began to partially evacuate military personnel from the Al Udeid air force base in Qatar on Wednesday, according to the Qatari government. US official sources have yet to provide a confirmation of the move, which would indicate, at a minimum, a possibility of US military strikes against Iran and subsequent retaliation by the Iranian forces against the largest US air force base in the Middle East. The partial evacuation is "undertaken in response to the current regional tensions," the Qatari government said. Al Udeid came under a missile attack from Iran in June, following the US bombing raid against key Iranian nuclear facilities. Tehran at the time signaled it was planning to retaliate symbolically, giving the US and Qatar sufficient notice to evacuate the air base. Qatar's LNG and energy facilities did not suffer any damage in the June attack. US president Donald Trump has mulled possible air strikes against targets in Iran, ostensibly in support of nationwide protests that prompted a violent crackdown by the Iranian government. He has not explained how US strikes would help the protesters and has not articulated any other US strategic goal in Iran. "The end game is to win," Trump told CBS News on Tuesday. "I like winning." By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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Jera's option to reduce stake in US NH3 project expires

14/01/26
News
14/01/26

Jera's option to reduce stake in US NH3 project expires

London, 14 January (Argus) — Japanese power producer Jera has not exercised a right to reduce its ownership stake in fertilizer producer CF Industries' planned $4bn carbon capture and storage (CCS) enabled ammonia facility on the US Gulf coast, known as Blue Point. The 1.4mn t/yr plant is a joint venture between CF, Jera and Japanese trading firm Mitsui. CF holds 40pc, Jera 35pc and Mitsui 20pc in the development. Jera had an option to reduce its stake below 35pc to a minimum of 20pc, with CF having to increase its stake by the same amount that Jera reduced its holding. That option expired on 31 December 2025 and can no longer be exercised, according to a report that CF filed with the US Securities and Exchange Commission in January. Jera's decision to retain its 35pc stake comes soon after it was selected to receive subsidies from the Japanese government's hydrogen and ammonia contracts for difference (CfD) scheme on 19 December. Mitsui was also selected for 15-year government subsidies under the CfD scheme's second round. Partners of the Blue Point venture will have offtake rights according to the size of their stake in the project, meaning that Jera will export around 490,000 t/yr from the Louisiana plant to Japan. Most volumes will be used for ammonia co-firing at its 1GW No.4 unit at the Hekinan coal-fired power plant in Japan, which the firm has said is on track to reach a sustained 20pc co-firing rate in 2029. Blue Point's first volumes are also expected in 2029 following a final investment decision in April . Jera retaining its 35pc stake in the project is a positive sign for the developing low-carbon ammonia industry after multiple recent setbacks. Indications that South Korea's new government could push away from ammonia co-firing had undermined some confidence in the future of ammonia co-firing in Asia, while delays to the International Maritime Organisation's net-zero framework has slowed investment decisions in the maritime sector. Funding cuts for low-carbon initiatives, particularly in the US, and slim demand signals, have seen a spate of project cancellations in recent months, with the latest cancellation announced as recently as last week. By Lizzy Lancaster Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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Pupuk Indonesia issues tender to buy Feb-Nov amsul

14/01/26
News
14/01/26

Pupuk Indonesia issues tender to buy Feb-Nov amsul

Singapore, 14 January (Argus) — State-owned Pupuk Indonesia has issued a tender today to buy a total of 40,000t of bulk standard caprolactam-grade amsul for delivery over February-November 2026 to its subsidiary Pupuk Kalimantan Timur (PKT). PKT has requested four single shipments of 10,000t each to Bontang port. The first shipment should be loaded by the third week of February, followed by one shipment each in June, September and November. Pupuk Indonesia has requested that offers be submitted on a formula price with a variable discount. By Dinise Chng Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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Urea vessel in Venezuela updates destination signal

13/01/26
News
13/01/26

Urea vessel in Venezuela updates destination signal

Amsterdam, 13 January (Argus) — The Hongli 8 appears close to leaving Jose port in Venezuela, loaded with around 30,000t of urea, which would mark the first shipment of urea since the US raid and capture of the country's president on 3 January, according to vessel tracking data providers. The vessel has updated its destination for Panama, set to arrive on 17 January, according to vessel tracking data from Kpler and others. But there was no confirmation from the parties linked to the vessel. The cargo is understood to be loaded and ultimately destined for the Mexican west coast. The US raid and capture of Nicolas Maduro rocked Venezuela at the start of the month and prompted a spike in already elevated freight rates from the country's ports, complicating urea flows . Producers slashed urea prices in a bid to maintain sales liquidity. But the situation has since calmed and the US has altered its stance regarding restrictions on Venezuela's crude sales, prompting speculation that a similar approach may be extended to other commodities. Venezuelan urea typically heads to Brazil, as well as some other nearby markets and Mexico. Venezuela is home to three major urea facilities, with a combined operating capacity of up to 2.2mn t/yr of granular and prilled urea. But exports have varied widely in recent years, with Argus ' consulting arm estimating Venezuelan urea exports at just over 400,000t in 2025, down from over 700,000t in 2020-21. By Harry Minihan Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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Australia’s Woodside set for Scarborough gas in 2H 2026

13/01/26
News
13/01/26

Australia’s Woodside set for Scarborough gas in 2H 2026

Sydney, 13 January (Argus) — Australian independent Woodside's Scarborough gas field, located offshore Western Australia (WA) is on track for first gas in July-December 2026 as scheduled, following the arrival of its floating production unit (FPU) from China. The FPU is equipped with emissions-reduction systems and is capable of treating and compressing gas for export, Woodside said on 13 January. The Scarborough project, now 91pc complete, is expected to produce 5mn t/yr of LNG from the Pluto Train 2 and 3mn t/yr of LNG from the existing Pluto train 1, Woodside said. Pluto train 2 is set to be commissioned in the second half of 2026, while modifications to Pluto train 1 to accommodate Scarborough gas will be completed by early 2027. The project will also supply gas to Australian fertilizer producer Perdaman Chemicals and Fertilizers' 2.3mn t/yr urea project under a 20-year agreement. By Susannah Cornford Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.

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