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Sasol Scraps Plans for $14 Billion GTL Plant in Mossville, LA

The Times-Picayune, November 29, 2017

Low oil prices and a volatile market are prompting a South African energy and chemical company to drop plans for an $11 billion to $14 billion U.S. plant in Mossville, just outside of Lake Charles, to convert natural gas to liquid fuels and to pull out of Canadian shale.

"Sasol will not invest in further greenfields gas-to-liquids projects," the company said Thursday in a news release posted on its website. Its current GTL plants "are generating good returns and cash flows," but new projects aren't worth it in the current market, the statement said.

Click here to read the full article from The Times-Picayune.


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