South Louisiana Methanol project will use ~0.17 BCF/day of natural gas

 In Daily Hot Topics - Natural Gas

South Louisiana Methanol project is funded after ~5 years of development.

Financial sponsor is Saudi Arabian Basic Industries Group (SABIC).

Located on the Mississippi River, about halfway between Baton Rouge and New Orleans.

Proposed production capacity of 2 million tons/year of methanol would create demand for ~0.17 BCF/day of natural gas.

The US petrochemical complex continues aggressive growth, creating demand for natural gas, which will support natural gas pricing.

– Mike Reed

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Oil & Gas Journal Source Article: Grassroots methanol project revived for Louisiana

https://www.ogj.com/articles/2019/01/grassroots-methanol-project-revived-for-louisiana.html

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