Norway: Market Scenario Yara Reduces Ammonia Production Owing to High Natural Gas Prices
An increase in natural gas prices in Europe has affected ammonia production margins which has led Yara to curtail around 40 % of its production across its numerous plants in the region.
Oslo/Norway – Record high natural gas prices in Europe are impacting ammonia production margins, and as a result Yara is curtailing production at a number of its plants. Including optimization of on-going maintenance, Yara has in this week curtailed around 40 % of its European ammonia production capacity.
Yara will continue to monitor the situation, with the objective to keep supplying customers but curtailing production where necessary.