Tough market conditions lay at the heart of Sasol’s decision to remove itself from the green field gas-to-liquids business, writes Iain Esau.
The move puts paid to Sasol's proposal to build a $13 billion to $15 billion plant in Louisiana, US, the final investment decision for which was put on hold in early 2015.
“While our current GTL assets are generating good returns and cash flows, the value proposition for Sasol to build new GTL projects is uneconomic against a volatile external environment and structural shift to a low oil price environment,” said the company.
