Ivanhoe Energy, Egyptian Gas eye GTL plant

By OGJ editors
HOUSTON, Oct. 25 -- Ivanhoe Energy (Middle East) Inc. and Egyptian Natural Gas Holding Co. (EGAS) have signed a memorandum of understanding advancing a longstanding plan for Ivanhoe Energy to study the feasibility of a gas-to-liquids (GTL) plant in Egypt.

EGAS has agreed to commit up to 4.2 tcf of natural gas for the proposed project, which is expected to have an operating life of up to 20 years.

Ivanhoe Energy has begun the engineering design of a GTL plant and is obtaining an updated market analysis for GTL products to reflect changes since the original evaluation was completed several years ago.

Plant capacity options of 45,000 b/d and 90,000 b/d will be evaluated.

Ivanhoe Energy holds a master unlimited-volume license for Syntroleum Corp.'s GTL technology.

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