학술논문

Booking remote gas reserves
Document Type
Journal Article
Author
Source
Hart's E&P; 73; 1; Other Information: PBD: Jan 2000
Subject
03 NATURAL GAS
10 SYNTHETIC FUELS FISCHER-TROPSCH SYNTHESIS
NATURAL GAS
SYNTHETIC FUELS
PRODUCTION
ASSOCIATED GAS
ENVIRONMENTAL IMPACTS
RESOURCE POTENTIAL
Language
English
Abstract
Gas-to-liquids (GTL) technology is a powerful new tool available to address many E and P challenges of the new millennium. The industry has the ability to convert stranded gas reserves into superclean, liquid synthetic fuels on a commercial basis. One of the most significant technological developments in decades, commercial GTL creates new options for solving multiple existing problems, and much more. It enables the monetization of vast deposits of shut-in gas reserves, allowing industry to book billions of dollars of assets that would otherwise remain virtually worthless. As a result, GTL has the potential to add immensely to the world's supply of clean liquid fuels. It also opens up myriad new opportunities, not just upstream but downstream and beyond. In fact, ultraclean synthetic fuels, free of sulfur and aromatics, could be the enablers of new engine and emissions-control technologies that will transform the automotive industry as well. As powerful as the upstream incentives are, even more compelling market forces downstream may drive construction of the first plants. The convergence of these forces and events points inevitably to the commercialization and growth of this new industry.