Bintulu was a commercial test, could it be scaled up to commercial size economically.
But I don’t believe 15 years after Bintulu, they spent $18~19 billion as another test.
“Bintulu was a commercial test, could it be scaled up to commercial size economically.
But I don’t believe 15 years after Bintulu, they spent $18~19 billion as another test.”
That’s a lot of money to bet so yes, I would agree on that statement.
A long-term approach here would be to undertake more GTL in this country as our unconventional supply of natural gas will enable us to procure the liquids we need, particularly for the transportation and lubricant sectors.
We will have difficulty on the feedstock cost, however, as we will be expensive on gas (at least $5/mmbtu) required to drill these gas resources, compared to the other countries that have the cheap($1-2/mmbtu) supplies.
But we will need it to keep our standard of living high enough and not be subservient to countries which are not our friends.