Chesapeake Energy (CHK +0.3%) and Methanex (MEOX +8%) sign a 10-year supply contract in which...

|About: Chesapeake Energy Corporation (CHK)|By:, SA News Editor

Chesapeake Energy (CHK +0.3%) and Methanex (MEOX +8%) sign a 10-year supply contract in which CHK will supply the natural gas needed for MEOX's 1M metric ton/year methanol plant in Louisiana. MEOX says the deal reduces its exposure to short-term natural gas price fluctuations, which would lower the gas price risk for the site if it wants to relocate a second plant to Louisiana.