Alunorte Faces Potential USD 75 Million to USD 100 Million Q3 Impact From Gas Supply Issues

The liquefied natural gas (LNG) to Alunorte is delivered via a floating storage and regasification unit (FSRU) and import terminal in Barcarena.

(IN BRIEF) Alunorte has reduced alumina production to 50 percent after being notified by its natural gas supplier, CELBA, part of the New Fortress Group, of disruptions to gas availability at Barcarena, Brazil, where LNG is supplied through a floating storage and regasification unit and import terminal. In response, the refinery has introduced contingency measures including the purchase of spot gas volumes, a request for direct access to the Barcarena LNG receiving and regasification terminal, and temporary production reductions aligned with available gas supply. Alunorte said it will begin ramping back up to full production once gas availability normalises, while also continuing efforts to secure long-term alternative gas supplies and preserve its rights under the Gas Supply Agreement. The financial impact remains uncertain, but the potential Q3 2026 impact for Bauxite & Alumina from lower production and higher gas purchasing costs is estimated at USD 75 million to USD 100 million.

(PRESS RELEASE) OSLO, 12-Aug-2026 — /EuropaWire/ — Alunorte has reduced alumina production to 50 percent after being informed of disruptions to natural gas availability by its supplier, CELBA, part of the New Fortress Group.

CELBA also owns the gas terminal infrastructure in Barcarena, Brazil, where liquefied natural gas supplied to Alunorte is delivered through a floating storage and regasification unit and import terminal.

Following the supplier’s notification, Alunorte has implemented contingency measures to reduce operational impacts at the refinery.

These measures include purchasing spot gas volumes, requesting direct access to the Barcarena LNG receiving and regasification terminal, and temporarily lowering alumina production to align operations with the level of gas availability communicated by CELBA.

Alunorte said it will begin ramping production back up to full capacity as soon as natural gas availability normalises.

The supplier has indicated that it is seeking to source gas for delivery to Alunorte on market terms compatible with its current financial situation.

At the same time, Alunorte will continue working to secure long-term alternative gas supplies.

The company also said it will preserve its rights under the existing Gas Supply Agreement.

The financial impact of the natural gas supply disruptions remains uncertain.

However, the potential impact on Bauxite & Alumina in the third quarter of 2026 from reduced production and the purchase of gas at prices above the contractual price may range between USD 75 million and USD 100 million.

Through its contingency actions, Alunorte is seeking to mitigate the operational and financial consequences of the gas supply disruption while maintaining its focus on securing more stable and diversified long-term energy supply arrangements.

Media Contacts:

Baard Erik Haugen
Head of Investor Relations (acting)
erik.haugen@hydro.com
+47 92497191

Valentina Gandolfi
Investor Relations Manager
valentina.gandolfi@hydro.com
+47 95882355

Halvor Molland
Senior vice president, Group Communication
halvor.molland@hydro.com
+47 92979797

SOURCE: Norsk Hydro ASA