Sasol has plans to pursue a Gas to Liquids (GTL) project on the Gulf Coast. (LINK). Chesapeake has been saying GTL will sponge up the shale gas glut (LINK- see page 10). Looks like they may be right.
Quote from the DownStream Today article:
Sasol Ltd. (SOL.JO, SSL), a chemical company long known for squeezing motor fuel out of coal, is now turning its sights on the glut of natural gas in the U.S.South Africa-based Sasol on Tuesday announced plans to build a plant, at a cost of as much as $10 billion, that would convert natural gas into diesel.Anything that increases demand for lower 48 gas helps Alaska in the long run. 18 months seems like a long time for a study, but I still look forward to approval for projects like this.
Sasol's board last week approved an 18-month feasibility study for the project, which would be constructed on land adjacent to Sasol's existing chemical facility in Louisiana.If given the final go-ahead, the plant would be the first in the U.S. to use so-called gas-to-liquids technology. Once seen as far-fetched and futuristic, the technology has gained traction in recent years as the discovery of gas supplies has outpaced that of oil.