22 June 2011 17:03 [Source: ICIS news]
TORONTO (ICIS)--Foster Wheeler will conduct a feasibility study for Sasol’s planned gas-to-liquids (GTL) project in western ?xml:namespace>
Capacity or financial details were not disclosed. However, Foster Wheeler expects to complete its work in the fourth quarter of 2011.
The company said it will also develop a cost estimate to allow Sasol and Talisman Energy to assess the economic viability of the planned facility, with a project decision expected in the second half of 2012.
Foster Wheeler said GTL is one alternative for energy companies to monetise North American shale gas resources as they seek to take advantage of the “price dislocation” between gas and oil products.
Earlier this month, Sasol completed a second shale gas acquisition in
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