Canada’s Ivanhoe Energy has undertaken a commercialization study to explore the optimum commercial structure for marketing gas to liquids (GTL) and natural gas liquids (NGL) products, that will be manufactured in Ivanhoe's future Qatar gas project in Japan, stated a press release.
The Qatar GTL project involves the development of gas reserves in an area of the North Field offshore Qatar and the transportation of produced gas to NGL and GTL plants. The plants will have the capacity to convert the gas into the equivalent of 155,000 barrels of oil per (bpd) day of NGL products and 185,000 bpd of ultra clean GTL fuels, using Syntroleum's Fischer Tropsch based technology.
The commercialization study will investigate the marketing and financial opportunities in Japan for the project, through product offtake arrangements and participation by Japanese suppliers of equipment, materials and services. Equity participation by Japanese companies will also be considered.
Ivanhoe Energy, a Vancouver-based firm specializing in the exploration and development of hydrocarbons and the commercial application of gas-to-liquids technology to convert stranded natural gas into sulphur-free diesel, has joined Mitsui Bussan and Inpex Corporation and Qatar Petroleum in January 2002 to produce LNG in Qatar starting in June 2010. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
