The capabilities of the chemical recuperation of exhaust and compressor intercooling heat from gas turbines have been investigated in this paper considering methanol as primary fuel for the Reheat InterCooled (intercooler heat is recovered) Aeroderivative Gas Turbine. The model includes an exergy analysis method and a simplified blade cooling model. The location of the intercooler, the reheat combustion chamber as well as the overall pressure ratio have been optimized. Comparisons are made with the Chemically Recuperated Gas Turbine CRGT cycles using methane as a primary fuel.