Stranded-gas study sees good future for synfuels

04/02/2001
The use of low-cost, stranded-gas reserves for production of synthetic fuels (synfuels) and chemicals will be an economic alternative to conventional fuels and chemicals, says Chem Systems, White Plains, NY, in its recent stranded-gas-utilization study.The most promising scenarios involve manufacturing the products at a remote Middle East location and shipping them to such markets as the US Gulf Coast (USGC), Western Europe, and Japan.There are about 5,000 tcf of proven natural gas reserves in the world. Eastern Europe and the Middle East together account for more than 70% of these reserves. Almost 60% of global proven reserves are remote or stranded.The consulting firm evaluated several ...
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