Methanex has reached a 10-year natural gas supply deal with Chesapeake Energy for the Canadian firm's methanol plant, which is being relocated from Chile to Geismar, La. "Having a 10-year contract in place for 1 million tonnes of methanol production per year reduces our exposure to short-term natural gas price fluctuations, which will lower the natural gas price risk for the site if we decide to relocate a second plant to Louisiana," said Methanex President and CEO John Floren.

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