Methanex signs NZ supply agreements for gas supply to 2029

Tue, 17 Jul 2018

By Sophie Boot July 18 (BusinessDesk) - Methanex New Zealand, the country's biggest gas user, says it has signed supply agreements for more than half its annual production for the next 11 years. The Vancouver-listed company, whose plants on the northern Taranaki coast use about 40 percent of all natural gas produced in this country to manufacture methanol, said the agreements will combine with contracts from other natural gas producers to supply its New Zealand facilities. Its annual production capacity is 2.4 million tonnes. "We are v...

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