Challenges facing GTL: Rethinking project economics in 2018 and beyond

Natural gas is growing in importance worldwide and is now making up a larger portion of oil companies’ reserves. This trend is driven by discoveries of large gas volumes internationally (e.g., East Africa, West Africa, Eastern Mediterranean), along with the US shale gas revolution, which has enabled large volumes of gas production and turned the US into one of the biggest gas producers worldwide. Many companies and host nations are looking at ways to monetize these recently discovered gas reserves. On the demand side, gas is widely viewed as the fuel of choice for many countries, especially in the power generation industry. Also, the growing global economy has encouraged an increase in gas