Gazprom signs five-year deal supply sulphur PhosAgro

Gazprom signs five-year deal to supply sulphur to PhosAgro

7:16 AM, 18th December 2015
Gazprom signs five-year deal to supply sulphur to PhosAgro

MOSCOW, RUSSIA: Gazprom Sulphur Ltd said that it signed a five-year contract with PhosAgro for the supply of liquid sulphur, based on market prices, to PhosAgro-Cherepovets and the Balakovo branch of Apatit JSC (primary assets of the company), for the period from 1 January 2016 to 31 December 2020.

This agreement will enable PhosAgro-Cherepovets and the Balakovo branch of Apatit to fully meet their demand for liquid sulphur, which is a raw material used in the production of mineral fertilizers. These facilities’ demand for liquid sulphur has grown following increases in production capacities.

“The parties have agreed to set the price of sulphur based on the principles of transparency and a balance of the interests of all sides. In order to increase the volume of liquid sulphur supplies, PhosAgro has also expressed its willingness to allocate additional tanker cars to transport the liquid sulphur that its production facilities will use. This agreement will enable long-term production planning and predictable delivery volumes for PhosAgro’s plants. It will also decrease the overall level of tension surrounding liquid sulphur supplies that is currently affecting the market due to lack of appropriate railcar capacities,” said Andrey Lazukov, CEO, Gazprom Sulphur.

“We are pleased to restart our partnership with Gazprom Group companies and hope that they will be long-term and constructive in all areas of doing business,” said Andrey Guryev, CEO of PhosAgro.

© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Albemarle sells flame retardants, specialty chemicals biz to Huber

BATON ROUGE, US: Albemarle Corporation said that it has agreed to sell its mineral flame retardants and specialty chemicals businesses to Huber Engine ...

Read more
India conducts world’s largest practical lesson, enters Guinness Book

NEW DELHI, INDIA: 2,000 students from schools across the national capital, New Delhi, who attempted to conduct ‘world’s largest practical ...

Read more
Platform names Sigma-Aldrich chief as CEO

WEST PALM BEACH, US: Platform Specialty Products Corporation said that it has appointed Rakesh Sachdev as its new CEO, effective 5 January, as current ...

Read more
Total CEO Patrick elected as chairman of board of directors

PARIS, FRANCE: Total SA said that it has elected Patrick Pouyanne, CEO of Total since 22 October, 2014 and director since 29 May, 2015 as chairman of ...

Read more
Clariant bags Peregrino chemicals contract by Statoil

HOUSTON, US: Clariant International Ltd said that it has been awarded the chemical supply contract from Statoil ASA, on behalf of the Peregrino licens ...

Read more
Songwon appoints Depotchem as exclusive distributor for Israel

ULSAN, SOUTH KOREA: Songwon Industrial Co Ltd said that it has elected Depotchem Amgal Ltd, a leader in the distribution of chemicals and raw material ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X