Agrium Secures Additional Gas Supply for Kenai Facility.Business/Energy Editors CALGARY, Alberta--(BUSINESS WIRE)--Nov. 21, 2002 Agrium Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :AGU AGU Aoyama Gakuin University, Tokyo, Japan AGU American Geophysical Union AGU Arabian Gulf University (Bahrain) AGU All Grown Up (TV show) AGU Aguascalientes, Aguascalientes, Mexico ) (NYSE NYSE See: New York Stock Exchange :AGU) announced today it has reached a 30-day agreement with a major oil and gas producer in the Cook Inlet Cook Inlet Inlet, Gulf of Alaska in the northern Pacific Ocean. Bounded by the Kenai Peninsula on the east, it extends northeast for 220 mi (350 km), narrowing from 80 to 9 mi (129 to 14 km). Anchorage is situated near its head. , Alaska for the supply of additional spot natural gas for the Kenai nitrogen facility on an interruptible basis. This natural gas will supplement deliveries from Union Oil Company of California (Unocal) as referenced in Agrium's third quarter press release on October 29, 2002. The delivery of this gas will allow the plant to operate at rates up to capacity, depending upon Unocal's base supply. Agrium continues to be in active discussions with suppliers in the region to arrange additional natural gas supplies beyond the 30-day term of this agreement. Agrium Inc. is a leading global producer and marketer of fertilizer and a major retail supplier of agricultural products and services in both North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Argentina. Agrium produces and markets four primary groups of fertilizers: nitrogen, phosphate, potash and sulphur. Agrium's strategy is to grow through incremental expansion of its existing operations and acquisitions as well as the development, commercialization and marketing of new products and international opportunities. |
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