Nucleotide alkyl esters are pharmacologically important as potential (ant)agonists of purinoceptors and inhibitors of enzymes. Potato nucleotide pyrophosphatase (PNP) was compared with snake venom phosphodiesterase (SVP) as a catalyst to synthesize nucleotide alkyl esters. In methanol‐water mixtures, the methanolysis/hydrolysis ratio of PNP, but not SVP, changed with pH and temperature, being optimal at high pH and low temperature. In a semi‐preparative experiment, a crude PNP preparation produced 0.17 mM AMP‐O‐methyl ester (AMP‐OMe) from 1 mM diadenosine 5′,5‴‐P1,P2‐diphosphate (AppA) and 5M methanol, at pH 9 and 0°C. Drawbacks to large‐scale use are: low rates inherent to low temperatures, ATP unsuitability as a substrate for alcoholysis, and high cost of AppA. Advantages of PNP vs. SVP are cheapness, non‐toxicity, and availability of the enzyme source. © 1998 John Wiley & Sons, Inc. Biotechnol Bioeng 59:62–67, 1998.