25 February 2020
Visiongain has launched a new energy report Gas to Liquids (GTL) Market Forecast 2020-2030: Spending Forecasts ($m) by Plant Size (Small, Medium, and Large), Products (Diesel, Naphtha, and Others), and Geography (MEA, RoW). Including Analysis of Leading Gas to Liquid Companies.
The implementation of Gas to Liquids (GTL) as a solution for the monetisation of natural gas is on the verge of no longer being determined by exceptional circumstances. Limited to a handful of facilities, the upfront capital cost of a GTL facility is a barrier that few can overcome. However, visiongain views this situation as soon coming to an end: smaller-scale GTL solutions are starting to change this by making GTL viable in more circumstances with a lower upfront capital cost. The ability to monetise gas reserves of a lesser size in an economically viable manner will lead to a rapid expansion of CAPEX on GTL.
The success of several small-scale demonstration plants has offered the market a fresh dynamism which is anticipated to have a positive effect and increase the market’s activity. Smaller-scale or mini GTL operations have a lower risk to producers. As the plants are smaller, construction costs are reduced; and, since the plants are modular, the investment can be phased. Smaller-scale GTL processes also deliver the potential to expand refinery capacity and to produce hydrocarbon-based feedstocks from gas. They enhance the profitability by exposing gas resources that would otherwise be wasted, and thus capturing value from the gas-to-oil spread, broadening access to global markets and taking advantage of existing infrastructure.
Apart from the dynamic development of the small-scale Gas to Liquids facilities, there are other crucial market drivers too. The lead analyst of the report commented that "The OPEC+ members production limitations that have been enacted from the 1st of January 2020 and are anticipated to continue for the whole year are expected to increase the oil price, creating an opportunity for the gas production and in extension for the Gas to Liquids market. The discussions between US shale oil and gas producers for limitations in the supply of oil and gas can also play a pivotal role in the market, either as driver or restraint, in the event of their implementation."
The 128-page report provides details of how spending on traditional large-scale GTL facilities and the emerging smaller-scale GTL solutions will evolve over the next 10 years, as well as providing extensive project tables and forecasts of GTL liquids production and sales. Forecasts and analysis are further broken down by projects’ size, by product as well as by the leading nations for spending on GTL solutions. A company’s chapter offers detailed analysis and outlooks for the leading GTL liquids producers and leading GTL technology providers, including those supplying smaller-scale GTL solutions.
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