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Sulphur 421 Nov-Dec 2025

21 November 2025

First production from Ghasha “within months”

First production from Ghasha “within months”

First gas from Abu Dhabi’s 1.5 billion cfd Ghasha sour gas concession will be reached in early 2026, according to project partner PTTEP. The gas will come from the first phase 340 million cfd Dalma development. The Ghasha project is being developed by ADNOC (70%), Eni (10%), Thailand’s PTTEP (10%) and Russia’s Lukoil (10%). The outlook, published in PTTEP’s Q3 results, is a more cautious assessment than that provided by Eni in its own Q3 results. Eni said it was optimistic that the development would start up by the end of 2025.

Latest in Commodity

SRU contract awarded for gas sweetening facility

India’s Megha Engineering and Infrastructures Limited (MEIL) has won a $225.5 million contract from the Kuwait Oil Company (KOC) for setting up a new gas sweetening and sulphur recovery facility at West Kuwait oilfields. The project, to be developed on a build-own-operate basis with a buyback option for KOC, includes design, construction, operation and maintenance. It will be completed in two years, followed by a five-year operation and maintenance phase.

A cold wind from the east

Prices in sulphur markets have been climbing rapidly for several weeks now due to short supply, reaching their highest levels for early two and a half years, since July 2022. A major cause has been widening Ukrainian drone and missile strikes against Russian oil and gas facilities. In particular, drone strikes in September on the Astrakhan and Orenburg natural gas plants led to Russian sulphur exports being cut drastically, first from around 400,000 tonnes per month to only 100,000 tonnes in October, and then to zero from the 1st of November, as Russia implemented a ban on exports of sulphur used in fertilizer production which was projected to last at least until December 31st. “This decision will stabilise shipments of raw materials to the domestic market to maintain current mineral fertilizer production volumes and ensure the country’s food security,” the government’s press service reported. The restriction applies to the export of liquid, granulated, and lump sulphur. It remains to be seen whether exports of Kazakh material from Ust Luga will be affected, but some Kazakh sulphur is now being sold via Iran.