Sasol Delays Decision on Louisiana GTL Complex, Blames Oil Prices

摘要

Sasol Ltd. is taking a pause on a final investment decision of its massive natural gas-to-liquids (GTL) complex planned for Westlake, LA “to conserve cash in response to low international oil prices.” The $16-21 billion proposal has been in the works for more than two years (see Daily GPI, Dec. 4, 2012). The plant as designed would produce up to 96,000 b/d, making the facility the second largest of its kind after Royal Dutch Shell plc’s Pearl plant in Qatar.