Methanex inks deal for additional gas for its Chile operations

Methanex announced last week it has reached agreement with Empresa Nacional del Petróleo (ENAP) for additional natural gas supply to its Chilean operations, through Dec. 31, 2019, Kallanish Energy reports.

"We are now fully committed to the restart of the Chile IV facility, which is targeted for the third quarter of 2018,” said John Floren, president and CEO of Methanex. “We continue to be optimistic that our underutilized 1.7-million-metric-tonne Chile operations represent a very low capital cost growth opportunity for Methanex due to the significant progress in developing natural gas reserves in the area.”

Methanex is a Vancouver, British Columbia-based, publicly-traded company that bills itself the world's largest producer and supplier of methanol to major international markets.

 

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