Extended Pohokura gas outage costing Methanex $2M a day

Tue, 26 Jun 2018

By Pattrick Smellie June 26 (BusinessDesk) - A long-running, barely noticed and unscheduled cut in natural gas production from the Pohokura natural gas field is costing its main customer, methanol producer Methanex, around $2 million a day in lost revenue, with total revenue foregone in the last 13 weeks as much as $15 million a week, says analysis from Wellington investment firm Woodward Partners. "The current situation at Pohokura is one that is materially under-appreciated for its significance," said Woodward's energy industry analyst,...

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