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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000945234-08-000206.txt : 20080506
<SEC-HEADER>0000945234-08-000206.hdr.sgml : 20080506
<ACCEPTANCE-DATETIME>20080506122221
ACCESSION NUMBER:		0000945234-08-000206
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080505
FILED AS OF DATE:		20080506
DATE AS OF CHANGE:		20080506

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			METHANEX CORP
		CENTRAL INDEX KEY:			0000886977
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL ORGANIC CHEMICALS [2860]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20115
		FILM NUMBER:		08805434

	BUSINESS ADDRESS:	
		STREET 1:		1800 WATERFRONT CENTER
		STREET 2:		200 BURRARD STREET
		CITY:			VANCOUVER BC CANADA
		STATE:			A1
		ZIP:			00000
		BUSINESS PHONE:		6046847500

	MAIL ADDRESS:	
		STREET 1:		1800 WATERFRONT CENTER
		STREET 2:		200 BURRARD STREET
		CITY:			VANCOUVER BC CANADA
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>o40444e6vk.htm
<DESCRIPTION>PRESS RELEASE DATED 5/5/2008
<TEXT>
<HTML>
<HEAD>
<TITLE>Press release dated 5/5/2008</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Helvetica,Arial,sans-serif">



<HR size="4" noshade color="#000000" style="margin-top: -5px">
<HR size="1" noshade color="#000000" style="margin-top: -10px">




<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<P align="center" style="font-size: 18pt"><B>FORM 6-K</B>


<P align="center" style="font-size: 10pt"><B>REPORT OF FOREIGN PRIVATE ISSUER</B>



<P align="center" style="font-size: 10pt"><B>PURSUANT TO RULE 13a-16 OR 15d-16<BR>
UNDER THE SECURITIES EXCHANGE ACT OF 1934</B>



<P align="center" style="font-size: 10pt"><B>FOR THE MONTH OF MAY 2008</B>


<P align="center" style="font-size: 24pt"><B>METHANEX CORPORATION</B>


<DIV align="center" style="font-size: 10pt"><HR size="1" noshade width="55%" align="center" color="#000000">
<I>(Registrant&#146;s name)</I></DIV>



<P align="center" style="font-size: 10pt"><B>SUITE 1800, 200 BURRARD STREET, VANCOUVER, BC V6C 3M1 CANADA</B>


<DIV align="center" style="font-size: 10pt"><HR size="1" noshade width="61%" align="center" color="#000000">
<I>(Address of principal executive offices)</I></DIV>


<P align="left" style="font-size: 10pt">Indicate by check mark whether the registrant files or will file annual reports under cover Form
20-F or Form 40-F.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="70%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Form&nbsp;20-F&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Form&nbsp;40-F&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#254;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="left" style="font-size: 10pt">Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule&nbsp;12g3-2(b) under the Securities Exchange Act of 1934.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="70%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Yes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">No&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#254;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="left" style="font-size: 10pt">If &#147;Yes&#148; is marked, indicate below the file number assigned to the registrant in connection with
Rule&nbsp;12g3-2(b): 82<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>.



<P>
<HR size="1" noshade color="#000000" style="margin-top: -2px">
<HR size="4" noshade color="#000000" style="margin-top: -10px">





<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<DIV style="font-family: Helvetica,Arial,sans-serif">




<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on behalf by the undersigned, thereunto duly authorized.


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>METHANEX CORPORATION</B><BR>
&nbsp;<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date:&nbsp;&nbsp;May 5, 2008</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ RANDY MILNER
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Randy Milner&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Senior Vice President, General Counsel
&#038;&nbsp;Corporate Secretary&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 27pt; margin-top: 12pt"><B><I>NEWS RELEASE</I></B>
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 6pt">Methanex Corporation<BR>
1800 &#150; 200 Burrard St.<BR>
Vancouver, BC Canada V6C 3M1<BR>
Toll-Free: 1-800-661-8851<BR>
http://www.methanex.com
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 32pt">May&nbsp;5, 2008
</DIV>


<DIV align="left" style="font-size: 11pt; margin-top: 21pt"><B>METHANEX ANNOUNCES AGREEMENT WITH ENAP TO SOURCE NATURAL GAS FOR CHILE OPERATIONS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Methanex Corporation announced today that it has signed an agreement with ENAP (the Chilean
state-owned oil and gas company) to accelerate gas exploration and development in the Dorado
Riquelme exploration block and supply new Chilean-sourced natural gas to Methanex&#146;s production
facilities in Chile. Under the arrangement, Methanex expects to contribute approximately $100
million in capital over the next three years and will have 50&nbsp;percent participation in the block.
It is expected that deliveries of gas from the block will commence later this year and that the
block has the potential to become a significant new supply source for Methanex&#146;s facilities in
Chile. The arrangement is subject to approval by the Government of Chile.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 9pt">Bruce Aitken, President &#038; CEO of Methanex commented, &#147;I am very pleased to announce this agreement
with ENAP, which represents an important step in returning our assets in Chile back to full
operating rates. With this arrangement, our recently announced agreement with GeoPark, and the new
oil and gas activity associated with the bidding round recently conducted by the Government of
Chile, we expect to receive increasing quantities of Chilean gas in the next few years.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 9pt">Methanex&#146;s Latin America Senior Vice President, Paul Schiodtz, added, &#147;We are very pleased to have
reached this agreement with ENAP, which we have enjoyed a strong relationship with as our primary
gas supplier in southern Chile over the last 20&nbsp;years. The Dorado Riquelme block represents an
excellent opportunity. Our involvement will add additional capital and personnel dedicated to
accelerate development activity of the block. In addition, the area has existing pipeline and other
infrastructure in place to make it possible for gas to be flowing to our plants later this year. &#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 9pt">Methanex is a Vancouver-based, publicly traded company and is the world&#146;s largest supplier of
methanol to major international markets. Methanex shares are listed for trading on the Toronto
Stock Exchange in Canada under the trading symbol &#147;MX&#148;, on the NASDAQ Global Market in the United
States under the trading symbol &#147;MEOH&#148; and on the foreign securities market of the Santiago Stock
Exchange in Chile under the trading symbol &#147;Methanex&#148;. Methanex can be visited online at
<U>www.methanex.com</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 9pt">ENAP (Empresa Nacional del Petr&#243;leo) is the Chilean state-owned oil and gas company created in 1950
by the state of Chile. ENAP is involved in the exploration, production and commercialization of
hydrocarbons and their derivatives, in Chile and abroad.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Information in this press release contains forward-looking statements. Certain material factors or
assumptions were applied in drawing the conclusions or making the forecasts or projections that are
included in these forward-looking statements. Methanex believes that it has a reasonable basis for
making such forward-looking statements. However, forward-looking statements, by their nature,
involve risks and uncertainties that could cause actual results to differ materially from those
contemplated by the forward-looking statements. The risks and uncertainties include those attendant
with producing and marketing methanol and successfully carrying out major capital expenditure
projects in various jurisdictions, the ability to successfully carry out corporate initiatives and
strategies, conditions in the methanol and other industries including the supply and demand balance
for methanol, the success of natural gas exploration and development activities in southern Chile
and our ability to obtain any additional gas in that region on commercially acceptable terms,
actions of competitors and suppliers, changes in laws or regulations in foreign jurisdictions,
world-wide economic conditions and other risks described in our 2007 Management&#146;s Discussion &#038;
Analysis. In addition, no assurance can be given that the approval from the Government of Chile
referred to in this release will be obtained. Undue reliance should not be placed on
forward-looking statements. They are not a substitute for the exercise of one&#146;s own due diligence
and judgment. The outcomes anticipated in forward-looking statements may not occur and we do not
undertake to update forward-looking statements.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 24pt">- end -
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 24pt"><B>Inquiries:</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Jason Chesko<BR>
Director, Investor Relations<BR>
Methanex Corporation<BR>
604-661-2600

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



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