Thursday, December 5, 2013

REPOST: Shell opts out of US Gulf Coast GTL project

This news from Oil & Gas Journal shares the decision of Shell to not push through with the GTL project in the US Gulf Coast.

Royal Dutch Shell PLC reported that it will not move ahead with a proposed 140,000 b/d Gulf Coast gas-to-liquidsproject in Louisiana and will suspend any further work.
Shell in September had set its sights on Louisiana for the proposed $12.5 billion, world-class facility (OGJ Online, Sept. 24, 2013).
Shell, an industry leader in GTL technology, said it “carefully evaluated a number of development options for GTL on the US Gulf Coast, using natural gas feedstocks.” It said, “Despite the ample supplies of natural gas in the area, the company has taken the decision that GTL is not a viable option for Shell in North America, at this time, due to the likely development cost of such a project, uncertainties on long-term oil and gas prices and differentials, and Shell’s strict capital discipline.”

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