Methanex (MEOH Quote) signed a memorandum of understanding with GeoPark Holdings for the long-term supply, development and acquisition of new natural gas reserves in Chile.
The preliminary deal includes a 10-year gas supply and purchase commitment from GeoPark's Fell Block in southern Chile beginning in May. The agreement is subject to a final contract and required Chilean government approvals. Methanex's methanol plant site in Chile produces about 10% of the world's methanol supply. GeoPark is the only private-sector oil and gas producer in Chile and has been supplying natural gas to Methanex in Chile since May 2006.- Loading Comments...
- Loading Comments...
Featured Photo Galleries
Connect with TheStreet
 |
 |
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,278.41 | 1,097.37 | 2,163.16 | 34.74 |
Oil *
78.00
|
|
UP
31.44
|
UP
4.36
|
UP
12.08
|
DOWN
0.08
|
10 Yr
3.47%
SPDR Gold
109.54
|
|
+0.31%
|
+0.40%
|
+0.56%
|
-0.23%
|
Data delayed 20 minutes |
