Methanex settles gas delivery dispute with Total Austral; gets US$42M payment
VANCOUVER – Methanex Corp. (TSX:MX) says its Chilean subsidiary has settled a natural gas delivery dispute with Total Austral S.A. of Argentina for US$42 million. Vancouver-based Methanex says Total has agreed to pay the money to Methanex Chile S.A. pursuant to a long-term natural gas supply agreement between the two companies. It says Total will make a lump sum payment in order to terminate the agreement and settle all potential legal disputes.
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