THE NEW YORK TIMES: A Look at the Gas – To – Liquids Ventures
By THE ASSOCIATED PRESS
Published: May 15, 2005
Qatar hopes three key ventures will convert natural gas into more than 300,000 barrels per day of liquids, most of that diesel fuel, but also including naphtha, liquid petroleum gas and lubricating oil. The projects:
SASOL: The South African firm’s joint venture with state-owned Qatar Petroleum will be the first plant to come on line, producing 34,000 barrels a day by next year. A $6 billion expansion already is planned, with Sasol forming a GTL joint-venture with ChevronTexaco Corp. Then, the plant would be producing 100,000 barrels a day by decade’s end.
ROYAL DUTCH/SHELL GROUP: Shell’s $6 billion Pearl GTL plant will house 24 GTL reactors churning out 70,000 barrels per day by 2009 and 140,000 a few years later.
EXXON MOBIL CORP.: Exxon Mobil’s $7 billion GTL project, described by the company as the largest investment ever by America’s largest company, will produce 155,000 barrels per day by 2011.
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