Gas to Liquids to Tap into Huge Gas Reserves
It is estimated that 3,000 tcf, approximately half of all worldwide natural gas resources, are considered remote or stranded in so called abandoned wells or wells with reserves that are not economically accessible to markets by either pipelines or LNG. Energix believes that much of this gas could be utilized if there were an economical or easily moveable GTL production facility such as the one it is currently developing. NanoNowNatural gas, primarily methane, is both a fossil fuel and a sustainable biofuel. While the production of fossil fuel methane is a relatively slow process, the production of bio-methane is beginning to bloom. By utilising agricultural, forestry, and municipal wastes, biogas production can be ramped up without affecting cropland productivity. The gas can then be converted into liquid fuels, electricity, or used in conventional combustors.
Converting gas in abandoned gas fields into liquid fuels to be piped out, allows access to large quantities of gas otherwise essentially inaccessible.