Research & Markets: Global Gas-to-Liquid (GTL) Market 2014-2018 - Key Vendors are Chevron Nigeria, Qatar Petroleum, Royal Dut...
September 02 2014 - 1:12PM
Business Wire
Research and Markets
(http://www.researchandmarkets.com/research/hb42tk/global) has
announced the addition of the "Global Gas-to-Liquid (GTL) Market
2014-2018" report to their offering.
The Global GTL market to grow at a CAGR of 7.8% over the period
2013-2018.
A GTL is the refinery process of converting natural gas into
long chain hydrocarbon products such as GTL diesel and GTL
gasoline. Natural gases are converted into liquid fuels either via
direct conversion or by using syngas as an intermediate.
One of the key emerging trends in the market is increased
investment in the market to improve GTL technology. Many market
vendors are investing in different equipment, processes, and
technology to enhance the quality of production and reduce the cost
of production. Huge investments are being made to integrate various
technologies for the production of various quality products such as
combining oxygen with natural gas to form syngas.
According to the report, one of the main drivers in this market
is the growing need to reduce gas flaring from refineries. With
increased demand for oil products worldwide, refinery activity has
significantly increased resulting in high flaring of gas leading to
a shift in focus toward alternative technology such as GTL to
produce various liquid fuels.
Further, the report states that one of the major challenges
confronting the market is the capital-intensive nature of GTL
plants. The establishment of a GTL facility requires strong
technical expertise and use of advanced technology, which increases
the overall cost of these projects.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth
rate be?
- What are the Key Market Trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key
vendors?
- What are the strengths and weaknesses of the key vendors?
Market Drivers/Challenges/Trends
- Need to Reduce Gas Flaring
- Capital Intensive Market
- Increased Investment by Vendors
Key Vendors
- Chevron Nigeria
- Qatar Petroleum
- Royal Dutch Shell
- Sasol
- Statoil
Other Prominent Vendors
- China Shenhua Energy
- Lurgi
- Nigeria National Petroleum
For more information visit
http://www.researchandmarkets.com/research/hb42tk/global
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