Why is Methanex idling its New Zealand production facilities, and when will this take effect?

Methanex Corporation is idling its New Zealand production facilities due to declining domestic natural gas availability, and this action will begin in early 2027.

What will Methanex do with its natural gas contractual entitlements in New Zealand, and what is its long-term plan for the facilities?

Methanex will sell its New Zealand natural gas contractual entitlements and idle its production facilities there, but it plans to maintain long-term optionality for a potential restart if gas supply improves.

Methanex to Idle New Zealand Production Facilities Amid Gas Shortage

Sep 2, 2026

Methanex will idle its New Zealand production facilities and sell natural gas entitlements by early 2027 due to declining domestic gas availability. The move removes New Zealand as a methanol source, though the company retains optionality for a potential restart if supply improves.

Yahoo Finance

2026-03-06

Methanex’s Q4 earnings down amid falling methanol price

2026-03-27

Jefferies Raises Methanex Stock Price Target to $75 on Tight Market

2026-03-27

Methanex Egypt methanol plant offline on high gas prices – sources

2026-03-27

Methanex Insider Mark Allard Sells 2,000 Shares

2026-04-07

OCI Global Confirms Methanex Shareholding Stake