U.S. innovation, technology and willingness to share it has created an abundance of natural gas for the U. S. and will impact the rest of the world in the coming years. There is also a great deal of natural gas that is ignored, where pipe-lining to market is impractical or uneconomic. The price differential of cheap gas and expensive oil also provides a major incentive to recover exploration risk capital when gas is found and oil is not.
Petrobras, the Brazilian based petroleum firm is reported to have qualified and approved a new technology to convert natural gas to synthetic crude oil. The Petrobras’ CENPES Research and Development Centre completed its trials of the CompactGTL unit prompting Nicholas Gay, chief executive of CompactGTL to say, “The [Petrobras] test program has produced some extremely positive results and has shown the plant can be robust, with the operational availability (the percent of time a unit would operate) expected of large scale commercial facilities. We can now progress our plans in conjunction with clients throughout the world to develop commercial scale modular gas to liquid plants.”
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