Fertilizer Matters EP59: Ammonia hit by Europe’s gas crunch

Ammonia production across Europe face major consequences due to mounting pressure on European gas markets. Ahead of winter, record-low inventories, conflict in the Middle East as well as Russian and Ukraine, strong Asian demand and maintenance outages are all pushing delivered gas prices to their highest since 2022. Hear Argus’ essential analysis of the impact of the gas market on Europe’s ammonia industry, covering ammonia production costs, prices, influence of CBAM and decarbonisation, risks to ammonia supply this winter, the prospects for Q1 2027 and food security implications. Join Mike Nash, Senior Editor – Fertilizers and Lizzie Lancaster, Deputy Editor - Ammonia as they discuss these topics in the latest episode of Argus' Fertilizer Matters podcast series.