Interest to GTL technologies grows as oil prices drop down.

Global Gas Flaring Reduction Partnership Forum started today, September 9, 2015, in Khanty-Mansiysk.  Main topic of the Forum is "Public Private Partnership as an Optimum Method for Resolution of Associated Gas Flaring Reduction Problems". Representatives of over 20 countries in the world took part in the forum. Gazohim Techno Company received an invitation and will make a presentation in the session "Latest Technologies of Associated Gas Disposal".

Reports of Alexander Novak, Energy Minister and Sergey Donskikh, Natural Resources Minister note that starting with the year 2012 there has been a growth of investments by oil companies into associated gas disposal projects. However, target indicator of 95% effective use of associated gas has not been reached.  It is expected that this parameter will be achieved by major vertically integrated oil companies not earlier than 2020, except Gazpromneft company that develops a large number of remote fields.

Data collected by Ministry of Natural Resources and Environment of Russia proves that capital expenditures on typical processing projects grow exponentially for remote fields, during development of low pressure gas and during peak gas production periods. Therefore, the problems for existing technologies emerge exactly in the niche where alternative mini-GTL™ technology by Gazohim Techno is effective.

As opposed to typical solutions implying power generation, re-injection and gas fractioning, mini-GTL™ technology allows producing synoil, or more expensive petrochemical products and fuels. Meanwhile, as shown in Gazohim Techno report at the conference, return on investments of gas monetization projects is at investment level due to lowest specific capital expenditures for mini-GTL™ units in the industry. Therefore, low oil and gas prices, and excess of gas supply at world energy markets naturally caused increase of interest in gas chemistry and, firstly, in mini-GTL™ technology.

During the last month only, Gazohim Techno received invitations and held negotiations with three major producing companies in Russia having free resources of associated gas in the volume over 3 billion m3 per annum. Oil companies got familiarized with possibilities of mini-GTL™ technology, showed vivid interest and are ready for cooperation.

 

About GGFR forum

Global Gas Flaring Reduction Partnership (GGFR) is a special program of World Bank and represents public private partnership intended for reduction of gas flaring worldwide to facilitate resolution of global warming issues. Participants of the partnership work on removal of barriers preventing reduction of gas flaring by application of the best international experience and implementation of special programs for different countries.

Forum in Khanty-Mansiysk gathered together representatives of governments and national oil companies from Europe, Central Asia and representatives of international oil and gas companies and international finance institutes. Such forums were held earlier in London (2012), Amsterdam (2008) and Paris (2006).

Forums allow generalizing accumulated international experience and best practices in reduction of associated gas flaring volumes and provide an opportunity for exchange of experience and innovative technologies in the sphere of gas conditioning, processing and transportation and its rational use.

IVth  Global Forum was arranged jointly with Global Gas Flaring Reduction Partnership and Khanty-Mansiysk Autonomous Region - Yugra, Russian Federation.

Forum web-site:  www.globalforum2015.admhmao.ru