ZEUS SYNGAS REFINING REPORT
Client Letter
Nigeria Poised to Support Massive Gas Conversion Investment
January 30, 2015

Dear reader, although Nigeria is a major exporter of oil, a resource which accounts for nearly 90% of the country’s national income, geologically, it is also a major gas province. Nigeria has 187 tcf of proven gas reserves, with another 600 tcf unproven; however, many fields are locked in remote offshore zones in the Gulf of Guinea deepwater.

Historically, as operators and the government predominated oil due to prevailing markets, gas reserves were often flared, left-shut-in, behind pipe (stranded), or occasionally aggregated to support LNG export or GTL infrastructure. Chevron’s Escravos GTL has completed construction and is set to ramp-up production later this year. Nigeria is looking to take a regional position as a major producer and exporter of other value-added gas-based industries as well....Full Article


Industry Analysis
Spotlight: Examining the Potential of GTL Development in Mozambique
[2014/12/23]

The year 2010 was a major turning point in the destiny of East African nation Mozambique. Before discoveries by international operators such as Anadarko and Eni, Mozambique had less than 10 trillion cubic feet (tcf) of proven natural gas reserves from a handful of fields, which are used to supply South Africa via pipeline. Now, Mozambique is well positioned to boost regional exports via pipeline and begin to export LNG and GTL by the end of the decade. The prodigious gas reserves of the Rovuma Basin leads one to wonder: is Mozambique the next world-scale gas hub?...Full Article

Industry Analysis- US Methanol Prices Climb to Highest in Five Years
[2013/12/13]

The U.S. spot methanol assessment reached US$1.67 Nov. 26, its highest level in more than five years. Global supply pressure exacerbated by a handful of shutdowns and both planned and unplanned maintenance turnarounds has supported higher prices. Prices have trended higher in the interim across North American, Asian and European regions, reflecting a growing demand for the product. Factors contributing to the higher prices include gas supply curtailments in Trinidad and the Brazilian government’s recent decision to extend the suspension of import duties on methanol. Variations in spot and contract pricing may also factor in the climbing prices. Methanex, the world’s largest methanol producer, set its FOB US Gulf December contract pricing to US$1.90 a gallon. The U.S. has thus been the most expensive region for purchasing methanol since early November. U.S. methanol prices have remained fairly high throughout 2013. ...Full Article



Feature Articles
Feature- Important Years Ahead for CCS Development
[2015/01/30]

In November 2014, the U.S. and China, the world’s two largest emitters of carbon dioxide, announced a deal to cut emissions to reduce overall carbon impact on the global environment. The U.S. pledged to cut emissions to at least 26% below 2005 levels by 2025. China pledged to start reducing overall carbon emissions by 2030, or potentially sooner. If these programs are implemented global CO2 emissions could peak within the next 15 years. Doing this would require innovative technologies to more efficiently utilize prodigious energy resources, as well that that capture, compress, and store or utilize CO2, for the utilization in enhanced oil recovery operations or through its use as a product intermediary for the production of specialty chemicals. ...Full Article


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