Fertilizer maker CF Industries Holdings Inc said on Feb. 14 it had signed a deal with European oil major BP for 2.2 Bcf of natural gas in 2023 for ammonia production.

Financial details of the deal, which is expected to help bring down the CF's methane emissions from natural gas by around 90%, were not disclosed.

BP did not immediately respond to a Reuters request for comment.

Natural gas is used as a feedstock to produce ammonia.

Fertilizer makers benefited from higher prices last year after sanctions on Russia and Belarus, the second and third largest fertilizer producers, created a supply shortage across the globe.