With crude oil trading above the $100 mark and diesel prices over $3.50 I wonder why we don't hear more about gas to liquid projects for North Slope gas.
Shell is looking forward to completion of an $18 Billion dollar GTL project in Qatar. The reported payback period is four years - not bad.
A North Slope GTL plant could feature carbon dioxide capture technology. The carbon dioxide could be re-injected into oil bearing formations to extend the productive life of the oil reservoirs.
Additional revenue could be obtained by selling carbon credits, making an Alaska GTL plant the must-do project for the global warming crowd.
If the Shell project can produce diesel and condensate for $6/BOE it may be time for Alaska to give GTL another look.
Shell GTL History Video:
Tuesday, March 11, 2008
Remember Gas to Liquids?
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