Gas-to-liquids project to be a game-changer for Sultanate
Malaysia, we know developing a GTL project is highly complex and capital intensive. But the results are worth it. Shell GTL technology will convert natural gas — the cleanest burning fossil fuel — into high quality liquid products that would otherwise be made from crude oil. These products include transport fuels, motor oils, and ingredients of everyday necessities — plastics, detergents and cosmetics.”
Devoid of any impurities like sulphur and aromatics that are found in traditional crude oil, the GTL products are colourless and odourless, and can be used as fuel in vehicles and airplanes, said the executive.
More importantly, Gtl-type projects in Oman will also generate revenues and open wider socio economic opportunities for Omanis, Tempelman pointed out. “The government of Oman has rightly placed emphasis on energy projects that focus on economic growth, on job creation, development of Omani talent and contribute to In-country Value (ICV),” he remarked.
Significantly, the MOU also covers investments and partnerships in the field of renewables and alternative energy sources, said Tempelman. “We hope to collaborate with Oman in the coming year to further this strategic aim. And Oman offers advantages. It has plenty of sunshine, and along its coastline, it offers the potential for wind power as well. These sources of energy can help Oman free up valuable gas resources for higher value uses, while generating greater economic activity in the country. Together with conventional oil and gas, new energies will help to provide Oman and the wider Middle East and North Africa region with greater energy security in the years to come,” he added.