Methanex deal latest co-operative move to maintain energy security

Methanex is closing operations again, this time for eight weeks. (Image: NZME)

Fri, 09 May 2025

The deal with Methanex to yet again close its operations, this time for eight weeks, is another sign of the growing co-operation to avoid an energy shortage this winter, and also political intervention.On Wednesday, Contact said it would take 2.8 petajoules (PJ) of Methanex’s gas during the shutdown.On Thursday, Genesis said it would take up to 1.26 PJ of the gas not required by other contracted users. Any gas used for generation will displace coal.Methanex’s recent reporting indicated it had been on-selling gas to other users for s...

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