<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>5
<FILENAME>o07078exv5w1.txt
<DESCRIPTION>CONSENT OF KPMG LLP
<TEXT>
<PAGE>
                                                                     Exhibit 5.1



                        INDEPENDENT ACCOUNTANTS' CONSENT








The Board of Directors
Methanex Corporation




We consent to the use of our audit report dated March 1, 2002, on the
consolidated balance sheets of Methanex Corporation as at December 31, 2001 and
2000, and the consolidated statements of income and retained earnings and cash
flows for the years then ended, and our audit report dated March 1, 2002 on the
supplemental information (reconciliation with United States Generally Accepted
Accounting Principles) for the years ended December 31, 2001 and 2000, which are
incorporated by reference and included herein, and to the reference to our firm
under the heading "Experts" in the prospectus contained in the Registration
Statement on Form F-9.

The auditors' report on the supplemental information - reconciliation with
United States generally accepted accounting principles includes additional
comments for U.S. readers on changes in accounting principles.





(signed) KPMG LLP


Vancouver, Canada
May 31, 2002

</TEXT>
</DOCUMENT>
