Gas to Liquids (GTL) Market Forecast 2014-2024

Gas to Liquids (GTL) Market ForecastGas to Liquids (GTL) Market Forecast 2014-2024 PR Newswire LONDON, February 14, 2014 What Are The Future Prospects for Companies in this Major XTL Segment? The implementation of Gas to Liquids (GTL) as a solution for the monetisation of natural gas is on the verge of no longer being determined by exceptional circumstances. Limited to a handful of facilities, the upfront capital cost of a GTL facility is a barrier that few can overcome. However, visiongain views this situation as soon coming to an end: smaller-scale GTL solutions will change this by making GTL viable in more circumstances with a lower up front capital cost. The ability to monetise gas reserves of a lesser size in an economically viable manner will see a rapid expansion of CAPEX on GTL. After some major setbacks in the early 2000s, when many large-scale projects were cancelled, the world's largest GTL facility, Shell's Pearl GTL plant, opened in Qatar in 2011. The plant is capable of producing 140,000bpd of synthetic fuels and follows in the footsteps of the smaller Oryx GTL plant, also in Qatar, which was opened in 2006. With the opening of these two facilities there are now four commercial Gas to Liquids plants operating around the globe. This number is set to increase with the completion of the 34,000bpd Escravos GTL plant in Nigeria in 2014. Further large-scale GTL projects are planned around the world.