03:04:41 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Methanex Corp
Symbol MX
Shares Issued 93,703,669
Close 2014-11-27 C$ 61.22
Market Cap C$ 5,736,538,616
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Methanex idles Trinidad operations over power outage

2014-11-27 20:48 ET - News Release

Ms. Sandra Daycock reports

METHANEX ANNOUNCES TEMPORARY INTERRUPTION OF ITS TRINIDAD OPERATIONS

Methanex Corp.'s Trinidad operations have been temporarily idled due to an interruption in power supply. The facilities have not been receiving electrical power off the national grid since the morning hours of Nov. 27.

The National Gas Company of Trinidad and Tobago took its 56-inch cross-island natural gas pipeline out of service to investigate a possible underground leak. Consequently, natural gas supply to a major power generator is not available. The company understands that the outage has impacted most industrial power users on the Point Lisas estate. Trinidad and Tobago Electricity Commission, the local power company, has advised that it expects national grid power to be returned in three to five days. Methanex is taking the necessary steps to manage the situation and ensure a safe and efficient restart of the plant once power is restored.

We seek Safe Harbor.

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