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US energy companies need solution for natural gas
Based on recent reports, US energy companies are suffering in the Permian basin. According to an article in OilPrice.com (https://oilprice.com/Energy/Gas-Prices/US-Gas-Prices-Slump-Despite-Soaring-Demand.html), the average gas price for the first five months of the year at Waha Hub was $0.92 per mmBtu, and prices became negative several times, including minus $9 per mmBtu in April. As Irina Slav writes, “Negative prices are probably the worst that could happen to an industry that needs cash.”
INFRA’s innovative GTL technology provides energy companies with an opportunity to convert abundant cheap gas into valuable high-quality synthetic crude oil that can be transported via existing oil infrastructure.