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Port board approves one-year extension of Lake Charles Methanol option agreement
Summary
The Lake Charles Harbor and Terminal District voted Sept. 25 to authorize an amendment extending the option agreement with Lake Charles Methanol 2 through Dec. 31, 2026, contingent on a $267,000 payment and continuation of monthly option payments.
The Lake Charles Harbor and Terminal District voted Sept. 25 to authorize an amendment extending the option agreement with Lake Charles Methanol 2 through Dec. 31, 2026, contingent on a $267,000 payment and continuation of monthly option payments.
At a regular meeting, board member Mister Selkirk introduced the item, saying it would extend the district’s option agreement with the methanol project. Marty Diverges, chief accounting and administrative officer for Lake Charles Methanol 2, told the board the company has paid about $3.4…
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