TSX:MXChemicals
Why Methanex (TSX:MX) Is Up 5.7% After Idling New Zealand Methanol Capacity Over Gas Supply
Methanex Corporation has agreed to sell substantially all of its New Zealand natural gas contractual entitlements and, citing declining domestic supply and no clear path to new gas, idled its New Zealand methanol production facilities indefinitely in early 2027.
This move reduces Methanex’s production footprint in a historically important region and highlights how gas availability constraints can reshape its global operating model.
We’ll now examine how idling New Zealand capacity due to...