Industry reports indicate Shell Oil company is going to build a new Gas to Liquid (GTL) facility in America so as to take advantage of the more localized demand. And the word is within three to six months, Shell may announce a decision on a site somewhere on the Gulf Coast.
Louisiana, with its plentiful supplies of “dry gas” coming out of the Haynesville Shale and its world-class natural gas infrastructure, could very well win out as the domicile for the facility.
Within 18 months of the site selection Shell expects to finalize its construction plans, and it’s expected that four years later a GTL facility which employs some 10,000-12,000 permanent workers will go on line.
Considering that it’s been 40 years since a new refinery has been built in the United States, this could be a colossal piece of news for the region.