The successful start-up of Shell’s Pearl gas-to-liquids (GTL) project in Qatar has rekindled interest in GTL technology. But has GTL really reached the point where it is a competitor to LNG as a means of monetising natural gas resources? Under the right conditions, GTL’s economics can be compelling, as analysis of Pearl’s economics shows. However, LNG Business Review looks at how unlike LNG, GTL faces constraints that will limit its growth for the foreseeable future.
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