January 2014, Vol. 241 No. 1

In The News

Shell Nixes Plans For Gulf Coast Gas-To-Liquids Project

Royal Dutch Shell plc will not move forward with the proposed 140,000 bpd Gulf Coast gas-to-liquids (GTL) project in Louisiana and will suspend any further work on the project. Shell has carefully evaluated a number of development options for GTL on the Gulf Coast using natural gas feedstocks. The estimated cost of the project was $20 billion.

Despite the ample supplies of natural gas in the area, Shell decided that GTL is not a viable option in North America at this time due to the likely development cost of such a project, uncertainties on long-term oil and gas prices and differentials, and Shell’s strict capital discipline.

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