Shell further commits to gas to liquid projects
Egypt and Trinidad could host a new generation of gas to liquids plants, reinforcing Shell International Gas Ltd.'s long-term commitment to the technology and boosting the company's development expenditures to more than $6 billion over the next 10 years.
The latest projects follow Shell's previous announcements of similar studies in Indonesia and Iran. In Egypt, Shell, the Egyptian General Petroleum Corp. and the Egyptian Oil Ministry agreed on terms of a development protocol for a 75,000 b/d gas to liquids conversion plant to develop part of Egypt's uncommitted gas reserves.
Shell also is conducting a feasibility study for a similar 75,000 b/d conversion facility in Trinidad and Tobago. The plant would require a gas intake of around 600 MMcf/d of gas. Shell said the new plant could be placed into commercial operation by 2005-2006.
Shell already has extensive operational experience with gas to liquids technology, and has a plant in Bintulu, Malaysia. Recent advances in the process have created potentially attractive opportunities for the commercialization of large gas reserves in an environmentally sustainable manner. October 10, 2000
© 2000 Mena Report (www.menareport.com)