GTL process: an excellent alternative to reduce gas flaring

GlobalData Energy 17 September 2020 (Last Updated September 17th, 2020 09:50)

GTL process: an excellent alternative to reduce gas flaring

GlobalData’s latest thematic report, ‘Gas to Liquids’ discusses the importance of GTL process in the oil and gas industry and the potential challenges in its adoption.

Gas-to-liquids (GTL) is a conversion process that provides an avenue to monetise stranded and flared gases. Various high value products can be obtained from GTL conversion, including gasoline, diesel, naphtha, and waxes. The process also results into production of cleaner fuels that offer better environmental performance over conventional fuels produced from crude oil.

The GTL process has evolved over the years and has contributed in enhancing the operational efficiency of the plants. But the prevailing uncertainty surrounding the energy demand may make it difficult for companies to decide on new GTL projects and capacity expansions.

A number of technology vendors have developed variants of the GTL process that can be implemented in a modular fashion at a smaller scale. Governmental pressure on oil companies to reduce their carbon footprints could prompt these companies to adopt small-scale, modular, and portable GTL technologies in their operations.

GTL plants can be installed at oil production facilities to capture the associated gas that is otherwise flared off. This approach provides oil producers with an additional way of revenue generation. Also by reducing gas flaring, companies can effectively meet their emission targets to mitigate climate change.

Some of the leading oil and gas players in the GTL theme are Chevron, PetroSA, Qatar Petroleum, Royal Dutch Shell and Turkmengaz. Some of the leading GTL technology providers in the oil and gas industry are BgtL Inc, Calvert Energy, CompactGTL, Gas Technologies LLC, Greyrock, Haldor Topsøe, INFRA Technology, Primus Green Energy, Sasol Ltd, and Velocys.