A process for the production of methanol from methane has been developed. The process involves reacting methane with an oxidant such as oxygen or a peroxide in the presence of a catalyst and a solvent in a reaction zone to produce an effluent stream comprising a methanol product. The effluent stream is next separated into a gaseous stream comprising unreacted methane and carbon dioxide and a liquid stream comprising the methanol product and solvent. Next the gaseous stream is further separated to provide a methane stream which is recycled to the reaction zone. Finally, a methanol stream is isolated and a solvent stream is recycled to the reaction zone.