Source: CF Industries

On Oct. 13, 2009, CF Industries Holdings, Inc. signed an agreement for the supply of natural gas to its proposed nitrogen fertilizer complex in San Juan de Marcona, Peru. Under the terms of the agreement, the company will purchase up to 99 million cubic feet of gas per day on a take-or-pay basis from a consortium in Peru that includes Pluspetrol Peru Corporation S.A., Pluspetrol Camisea S.A., Hunt Oil Company of Peru L.L.C., Sucursal del Peru, SK Energy, Sucursal Peruana, Tecpetrol del Peru S.A.C., Sonatrach Peru Corporation S.A.C., and Repsol Exploracion Peru, Sucursal del Peru.

The purchase price for the natural gas used to produce petrochemicals at the facility will be based on an index price for urea. The agreement is subject to certain conditions, including completion of the facility and related infrastructure.

Original press release