Tuesday, May 6, 2008

Methanex, ENAP in deal to expand Chile gas field

VANCOUVER, British Columbia, May 5 (Reuters) - Methanex Corp (MX.TO: Quote, Profile, Research) has signed a tentative deal with the Chilean state energy company to expand natural gas development off the coast of southern Chile, the methanol producer said on Monday.

Methanex will spend about $100 million over the next three years to add equipment and employees to help Empresa Nacional del Petroleo (ENAP) develop the Dorado Riquelme exploration block, on which work is already well under way.

No comments: