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Methanex Signs Natural Gas Supply Agreements for Its Chile Operations From Argentine Suppliers

Methanex Corporation (MEOH) 
Last methanex corporation earnings: 1/29 05:01 pm Check Earnings Report
US:NASDAQ Investor Relations: methanex.com/investor-relations
Company Research Source: GlobeNewswire
VANCOUVER, British Columbia, Aug. 13, 2018 (GLOBE NEWSWIRE) -- Methanex Corporation (the “Company”) (TSX:MX) (NASDAQ:MEOH) announced today that it has signed agreements with Pan American Sur SA, Compañia General de Combustibles SA, Total Austral SA and Wintershall Energia SA for additional gas supply on an interruptible basis and subject to gas availability in Argentina for its Chile operations through to June 1, 2020. These agreements are subject to the gas suppliers obtaining export permits from the Argentine Government and, based on the policy direction signaled by the Argentine Government, we are optimistic that the export permits will be granted. We expect that these new agreements, combined with existing contracts from other gas producers, will allow for a two-plant operation in Chile during the southern hemisphere summer months and up to a maximum of 75% of a two-plant operation annually. John Floren, President and CEO of Methanex, commented, “We are very pleased to sign the Show less Read more
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