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Story summary
- Methanex will indefinitely idle its Taranaki methanol plants starting the first quarter of 2027.
- OMV said the Maui field will stop production by end-2026, cutting Methanex’s supply.
- Methanex uses about 40 percent of New Zealand’s gas, the nation’s largest consumer.
- The Green Party called for cancelling the LNG import terminal after Methanex’s departure.
- New Zealand gas reserves fell 27 percent by 1 January 2025.
