Methanex To Sell Substantially All New Zealand Gas Entitlements Starting Q1 2027; To Indefinitely Idle New Zealand Production Facilities During Q1 2027; Does Not Expect Material Cash Costs From Idling New Zealand Facilities
Methanex Corporation (the "Company" or "Methanex") (TSX:MX) (NASDAQ:MEOH) announced today that it has entered into an agreement to sell substantially all of its New Zealand natural gas contractual
Methanex is closing down its New Zealand factories and selling its gas supplies starting next year, but won't spend a lot of money doing it. This means the company is shifting its focus away from that region and should help them manage costs better.
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