05:21 PM EDT, 06/04/2024 (MT Newswires) -- Methanex ( MEOH ) said Tuesday production from its 50% owned, 1.26-million tonne Egypt methanol facility was temporarily idled this morning as lower gas supply and increased seasonal demand for power generation has led to gas curtailments to industrial plants.

Methanex ( MEOH ) said it is working closely with its joint-venture partner and gas supplier to resume gas supply.

The company's shares closed down $1.24 to $69.09 on the Toronto Stock Exchange.