On July 28 th, 2016, Methanex announced that via its wholly owned subsidiary Methanex Chile SpA, it has reached an agreement with Empresa Nacional del Petróleo for gas supply for the period through May 2018. This gas supply, when combined with commitments from other sources, is expected to be sufficient to allow the 0.9 million tonne per year Chile I facility to achieve an average annual operating rate of approximately 60% of capacity.