Methanex Announces Temporary Interruption of Its Egypt Operations

Methanex Announces Temporary Interruption of Its Egypt Operations 
NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Methanex Corporation 
TSX SYMBOL:  MX
NASDAQ SYMBOL:  MEOH 
JUNE 25, 2014 
Methanex Announces Temporary Interruption of Its Egypt Operations 
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 25, 2014) - Methanex
Corporation (TSX:MX)(NASDAQ:MEOH) announced that its joint venture operation,
Egyptian Methanex Methanol Company S.A.E. (EMethanex), has been idled
temporarily due to gas availability. Methanex has been advised by its gas
supplier, which is a shareholder in EMethanex, that it will likely not be able
to resume gas deliveries before the end of July 2014 due to the priority
allocation of available natural gas to meet peak summer electricity demand. 
The Egypt plant was temporarily idled on June 12, 2014. It had been anticipated
that the plant would resume operations shortly thereafter. However, due to
ongoing gas constraints related primarily to increased seasonal electricity
demand, the outage has extended. Methanex is working with its gas supplier and
other stakeholders to minimize the impact of the shutdown. 
Methanex is the operator and majority shareholder of EMethanex with 50%
ownership. The EMethanex plant, which can produce 1.3 million tonnes of
methanol per year, is located in Damietta, Egypt on the Mediterranean Sea. 
Methanex is a Vancouver-based, publicly traded company and is the world's
largest producer and supplier of methanol to major international markets.
Methanex shares are listed for trading on the Toronto Stock Exchange in Canada
under the trading symbol "MX" and on the NASDAQ Global Market in the
United States under the trading symbol "MEOH". Methanex can be
visited online at www.methanex.com. 
FORWARD-LOOKING INFORMATION WARNING 
This press release contains forward-looking statements with respect to us and
our industry. Statements that include the word "may" or other
comparable terminology and similar statements of a future or forward-looking
nature identify forward-looking statements. More particularly and without
limitation, any statements regarding the expected length of the shutdown and
timing of a restart of our Egyptian plant is a forward-looking statement. 
We believe that we have a reasonable basis for making such forward-looking
statements. The forward-looking statements in this document are based on our
experience, our perception of trends, current conditions and expected future
developments as well as other factors. Certain material factors or assumptions
were applied in drawing the conclusions or making the forecasts or projections
that are included in these forward-looking statements, including, without
limitation, future expectations and assumptions concerning the following: 
/T/ 
--  Availability in the future of gas supply in Egypt, and 
--  Enforcement of contractual arrangements and ability to perform 
contractual obligations by the natural gas supplier to our Egyptian 
plant. 
/T/ 
However, forward-looking statements, by their nature, involve risks and
uncertainties that could cause actual results to differ materially from those
contemplated by the forward-looking statements. The risks and uncertainties
primarily include those attendant with producing and marketing methanol and
successfully carrying out major capital expenditure projects in various
jurisdictions, including without limitation those risks described in our 2013
Management's Discussion and Analysis and our First Quarter 2014
Management's Discussion and Analysis. 
Having in mind these and other factors, investors and other readers are
cautioned not to place undue reliance on forward-looking statements. They are
not a substitute for the exercise of one's own due diligence and judgment.
The outcomes anticipated in forward-looking statements may not occur and we do
not undertake to update forward-looking statements except as required by
applicable securities laws. 
-30-
FOR FURTHER INFORMATION PLEASE CONTACT: 
Sandra Daycock
Director, Investor Relations
Methanex Corporation
604 661 2600 or Toll Free: 1 800 661 8851
www.methanex.com 
INDUSTRY:  Chemicals - Commodity Chemicals, Chemicals - Petrochemicals,
Chemicals - Plastics and fibers, Chemicals - Specialty Chemicals, Chemicals -
Wholesalers and Distributors 
SUBJECT:  NWS 
-0-
-0- Jun/25/2014 07:15 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.