{"id":623535,"date":"2024-06-06T00:00:00","date_gmt":"2024-06-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/06\/fertilizer-companies-halt-production-amid-gas-supply-disruptions\/"},"modified":"2024-06-06T00:00:00","modified_gmt":"2024-06-06T00:00:00","slug":"fertilizer-companies-halt-production-amid-gas-supply-disruptions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/06\/fertilizer-companies-halt-production-amid-gas-supply-disruptions\/","title":{"rendered":"Fertilizer companies halt production amid gas supply disruptions"},"content":{"rendered":"

Gas supply disruptions take a toll on fertilizer producers: <\/strong>Pressure fluctuations in the natural gas pipeline network have forced several companies in the fertilizer and petrochemical sector to suspend production until the gas flow stabilizes. Sidi Kerir Petrochemicals (Sidpec), Misr Fertilizers Production Company (Mopco), Abu Qir Fertilizers, Egyptian Chemical Industries (Kima), Egypt Kuwait Holding\u2019s AlexFert, and EgyFert were among the companies impacted, the EGX-listed companies said in separate disclosures to the bourse yesterday.<\/p>\n

How long are we talking?<\/strong> Mopco, Abu Qir, AlexFert, and EgyFert said they are putting production on hold for an initial 24 hours, while Sidpec and Kima said they are suspending production until the pressure levels stabilize.<\/p>\n

Market reax:<\/strong> The news put fertlizer companies in the red during yesterday\u2019s trading, with Abu Qir (4.9%), Sidpec (4.8%), and Egypt Kuwait Holding (3.7%) being the worst performers on the EGX30 yesterday. <\/p>\n

ICYMI: <\/strong>The Oil Ministry reduced<\/a> the natural gas supplies to energy-intensive fertilizer companies by 20-30% earlier this week. The cut supplies were redirected to feed power generators during a time of heightened demand.<\/p>\n

Things are expected to go back to normal soon: <\/strong>The Oil and Electricity Ministries said<\/a> they would gradually increase the gas supplies to fertilizer companies starting today.<\/p>\n

Gov\u2019t to ramp up LNG shipments to address the supply gap: <\/strong>The government plans to import between 15-18 shipments of LNG to cover the electricity needs of the industrial sector and households, a government source told Enterprise. It was reported<\/a> in April that Egypt plans to import three LNG shipments a month between July and October, which could cost Egypt up to USD 120 mn a month.<\/p>\n

Remember:<\/strong> Egyptians have been dealing with rolling blackouts since last summer<\/a>, as the government works to ration the consumption of natural gas production. The power cuts were originally blamed on summer heat waves, but even after temperatures have fallen, officials noted that a daily one-hour cut saves the country some USD 300 mn per month.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government wants to ramp up LNG imports to address the supply gap caused by heightened demand<\/p>\n","protected":false},"author":1,"featured_media":623536,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[548,8635,244,93,72,99,253,1434,91,705,706],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-abu-qir-fertilizers","tag-egyfert","tag-electricity","tag-energy","tag-enterpriseam","tag-fertilizers","tag-kima","tag-mopco","tag-oil-and-gas","tag-petrochemicals","tag-sidi-kerir-petrochemicals","wpautop","entry"],"acf":{"mongo_id":"5cf6c834-839c-426e-a3db-c81d54a34f26","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/566.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Fertilizer companies halt production amid gas supply disruptions","related_issue":[623530],"teaser":"The government wants to ramp up LNG imports to address the supply gap caused by heightened demand","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.8a5db32b-561f-4581-a850-ac03e67d7dc3.mp3"},"yoast_head":"\nFertilizer companies halt production amid gas supply disruptions - 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We are excited for the weekend coming around the corner for a chance to escape the heat.THE BIG STORY TODAY Fertilizer companies halt production amid gas supply disruptions: Pressure fluctuations in the natural gas pipeline network have forced several companies in the fertilizer and\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/2102.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":626299,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/27\/this-evening-sidpec-resumes-operations-after-receiving-feed-gasses\/","url_meta":{"origin":623535,"position":2},"title":"THIS EVENING: Sidpec resumes operations after receiving feed gasses","author":"enterpriseam admin","date":"27 June 2024","format":false,"excerpt":"Good afternoon folks, and happy Thursday. We are bracing ourselves for a scorching long weekend. EnterprisePM Egypt will be off on June 30, but we will be back in your inbox at the usual time on Monday.THE BIG STORY TODAY The energy crisis continues to dominate the news today, as\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/366.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":636676,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/05\/state-owned-firms-to-build-a-usd-40-mn-ethane-pipeline\/","url_meta":{"origin":623535,"position":3},"title":"State-owned firms to build a USD 40 mn ethane pipeline","author":"enterpriseam admin","date":"5 August 2024","format":false,"excerpt":"The new 40-km pipeline aims to transport imported US shale gas to Sidpec and Ethydco","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/254.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":649419,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/09\/companies-line-up-to-revive-delta-fertilizers\/","url_meta":{"origin":623535,"position":4},"title":"Companies line up to revive Delta Fertilizers","author":"enterpriseam admin","date":"9 October 2024","format":false,"excerpt":"The company has been inactive and racking up losses over the last four years","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/664.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":629553,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/03\/fertilizer-companies-restart-operations-as-gas-supplies-return-plus-futek-wellpal-azimut-edventures-orascom-development-egypt\/","url_meta":{"origin":623535,"position":5},"title":"Fertilizer companies restart operations as gas supplies return. 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