Bad News For Ascension Parish

This seems to slow the NG wave of the future train, at least in Ascension Parish. Talk about a let down. 

 

 

 http://www.ibtimes.com/royal-dutch-shell-rdsa-ditches-plans-louisia...

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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on December 7, 2013 at 6:11

I imagine all the companies that have considered investing in GTL facilities are taking a second look at the economics.  As the potential for declining crude price becomes more apparent, the risks in GTL investment grows.  GTL's need high crude prices to be competitive.  Hopefully Ascension will be considered for future investments that are associated with the supply and price of natural gas.


landownerPermalink Reply by John Matherne on December 9, 2013 at 7:00

Ascension Parish already has several projects in the works that use the NG feed stock.

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