DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/4qtmlj/increasing_supply) has announced the addition of GlobalData's new report "Increasing Supply of Natural Gas and Wide Price Gap with Crude Oil is Encouraging Development of GTL Projects" to their offering.
The abundance of natural gas and the difference in price between crude oil and natural gas have been encouraging the development of Gas to Liquids (GTL) projects in different countries. GTL plants use natural gas as feedstock to produce clean and high performance liquid synthetic fuel (synfuel), along with other products such as gasoline, diesel, Aviation Turbine Fuel (ATF) and kerosene. Large natural gas reserves across the world and the huge shale gas reserves in North America are expected to further boost investments in GTL projects.
Crude oil prices as a multiple of gas prices have been rising since 2004. This price differential is expected to remain in the coming decades due to a surplus of natural gas, thereby justifying GTL project economics. Liquid fuels that are produced with the help of GTL technology are compatible with the existing engine technology of the vehicles and the distribution infrastructure as well.
With several projects in the pipeline for the production of synthetic gasoline and diesel, GTL looks promising for the future of liquid synfuels.
Scope
- The report highlights that increasing supply of natural gas and wide price gap with crude oil is encouraging development of GTL projects.
- It focusses on high oil and gas price gap, which is encouraging the development of GTL projects.
- Geographic Scope- Global
Reasons to buy
- To understand that increasing supply of natural gas and wide price gap with crude oil is encouraging the development of GTL projects.
- To know that gas supply across the world is showing an increasing trend.
- To understand that GTL fuel is clean, high quality and virtually free from sulphur.
For more information visit http://www.researchandmarkets.com/research/4qtmlj/increasing_supply
Source: GlobalData