What was the main reason NGC cited for Methanex's decision to indefinitely idle the Titan plant?

NGC stated that gas supply volumes were not the issue, as it offered Methanex the same contracted gas volume and was even willing to consider an increase; however, Methanex sought a gas price significantly lower than NGC's acquisition cost, which NGC could not accept for commercial sustainability.

Did NGC indicate any willingness to resume negotiations with Methanex in the future?

Yes, NGC clarified that although no agreement was reached, it remains open to future dialogue with Methanex to explore a commercially sustainable arrangement.

NGC Statement on Methanex's Decision to Indefinitely Idle Titan Plant

Jul 1, 2026

Methanex has indefinitely idled its Titan plant due to a pricing dispute with NGC, which offered contracted volumes at rates above Methanex's target. NGC maintains openness to future commercial agreements despite the current stalemate.

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