Gas-to-liquids (GTL), a process that converts natural gas to liquid fuels such as gasoline, diesel and jet fuel rather than producing these fuels from crude oil, has barely penetrated the energy market, with fewer than 10 industrial-scale plants currently in operation around the world. For decades, the relative cost of crude oil to natural gas has limited investment in GTL, but persistently low U.S. natural gas prices in recent years have boosted this ratio to an all-time-high, leading investors to reconsider the potential of GTL.
