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CompactGTL announces 3,000 bpd commercial small-scale GTL project in Kazakhstan

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CompactGTL will build a commercially deployed small-scale gas-to-liquids (GTL) plant in Kazakhstan. The proposed plant is expected to bring with it significant future commercial and environmental benefits, according to the company. In a year, the plant is expected to monetize over 300 million cubic meters of gas.

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Repsol and Alliance Oil to form an exploration and production JV in Russia

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Repsol and Alliance Oil Company have signed a Memorandum of Understanding to form a joint exploration and production (E&P) venture that will serve as a growth platform for both companies in the Russian Federation, the world’s largest oil and gas producer.

Russia 210
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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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Natural gas also plays a growing role in the transport sector, its share rising from 3% to 4%. The use of natural gas grows most in road transport, where its share rises from 1% to 3%. Currently the dominant use of gas in the transport sector is in gas compression for pipeline transport and distribution. —WEO 2011.

Oil 247