Canada’s Talisman will not pursue GTL project with Sasol

28 June 2012 16:59  [Source: ICIS news]

TORONTO (ICIS)--Talisman has decided not to proceed with a joint venture gas-to-liquids (GTL) project with South Africa’s energy and petrochemicals major Sasol, the Canadian oil and gas firm said on Thursday.

Talisman said it made the decision after a feasibility study of the GTL project in western Canada. Talisman would instead invest in other projects, it said.

Sasol acknowledged Talisman’s decision and said it will soon finalise its assessment of the feasibility study, with a final decision on whether or not to proceed with the project expected in the second half of 2012.

Sasol added that a feasibility study for a possible GTL plant in Louisiana was progressing well, with a decision on whether to proceed also expected to be made in the second half of 2012.

Meanwhile, Sasol continues work on a feasibility study for a cracker in Louisiana. The company expects to decide next year whether to proceed to the front end engineering and design phase of that project, it said.

By: Stefan Baumgarten
+1 713 525 2653

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