Force majeure circumstances in the form of abnormal price increase at national and European natural gas markets made it impossible to supply toll raw materials to Odessa Port Plant JSC from Agro Gas Trading LLC
On September 18th, 2021, Odessa Port Plant JSC sent an official letter of notification to Agro Gas Trading LLC on reduction of natural gas consumption to a critical level as a result of receiving a letter from Odessagas JSC on termination (restriction) of gas supply. At the same time, Agro Gas Trading LLC that conducted joint activity with Odessa Port Plant JSC since July 2019, is fully ready to fulfill the terms of the tolling agreement and provide the plant with raw materials after the expected stabilization on the gas market.
As of September 20th, 2021, Odessa Port Plant JSC has stopped urea and ammonia production departments. According to the plan, the plant downtime will be used to do scheduled repairs of production units, which will allow to resume their work quite soon and with the least costs possible.
Agro Gas Trading LLC shall meet all obligations to supply the contracted volumes of carbamide and ammonia to the contractors.
At the same time, despite the very unfavorable situation on the international and Ukrainian natural gas markets, Agro Gas Trading LLC will cover its duties under the current agreement on processing in full amount so that the negative trends on gas markets do not affect the staff of Odessa Port Plant JSC.
20 September, 2021