Sasol today said it would delay a decision on a proposed $14 billion gas-to-liquids (GTL) facility in Lake Charles, La., due to low oil prices. Sasol CEO David Constable said in a statement the company would continue to progress the facility, “albeit at a much slower pace.” The facility would be located next to a new $8 billion ethane cracker at Sasol’s existing Lake Charles site. Sasol approved construction of the ethane cracker in October. A final investment decision on the GTL plant was to come in 2016.
Bloomberg notes that Shell canceled plans to build a $20 billion GTL plant in Louisiana in 2013.
SEE ALSO: Sasol secures $4 billion in funding for Lake Charles ethane cracker
