Talisman, Sasol Double British Columbia Plans

摘要

Only two years ago, the future for projects using the Fis-cher-Tropsch process for converting natural gas into middle distillates, or gas-to-liquids (GTL), seemed to have hit an end. The oil-natural gas price ratio was barely 8-to-1, about its historical average, and construction prices were coming off a peak from the global LNG-refining boom. The economics were frankly lousy as GTL needs at the minimum a 10-to-1 ratio just to cover operating costs.