Saturday, January 31, 2015

Oil Price Decline Is Hurting Sasol, Shell Efforts To Turn Natural Gas Into Liquid Diesel

When oil prices topped $100 a barrel, energy companies were eager to turn cheap natural gas into liquid fuels such as diesel. A gas-to-liquids facility would cost billions to build, but as long as oil stayed expensive and shale gas production flourished, the economics promised to pan out. Now, with crude prices plunging past $50 a barrel, the fledgling sector is in limbo.

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