Exploration & Production

GTL – past challenges and future promise

As GTL finds its feet in Uzbekistan and the United States, Malcolm Wells, director of Malwell Corporate Projects explores the outlook for GTL As GTL finds its feet in Uzbekistan and the United States, Malcolm Wells, director of Malwell Corporate Projects explores the outlook for GTL.
By Malcolm Wells 13 June 2013 0 24193
ORYX GTL plant, Ras Laffan Industrial City, Qatar (ORYX GTL)

For an industry active on three continents and representing many billions of dollars of investment, the gas-to-liquids (GTL) sector is often perceived as the perennial underachiever of global energy. With large-scale projects bedevilled by high capex and technology issues – and some spectacular cost overruns – many owners of gas resources have looked at GTL and moved on to LNG as the monetisation option of choice. However, in the fast-developing energy world of the 21st century, already dubbed ‘the century of gas’, there are growing...